Netflix Stock Closes At Record $707.64

Netflix Inc. stock closed at a record $707.64 on Monday, just two days before the company is set to execute a 7-for-1 stock split and report its second-quarter earnings. Shares of Netflix rose 4.3% to as high as $716.16 during the session, setting a new intraday high. Netflix's previous record close was $681.19, back in June. The stock has more than doubled in the year-to-date, up 107%, while the S&P is up 2%. Netflix will report after the bell on Wednesday.