According to @StockMKTNewz, Netflix has completed a 10-for-1 stock split and NFLX is now trading on a split-adjusted basis (source: @StockMKTNewz). In a forward stock split, the share price is divided by the split ratio and the number of shares increases proportionally while total market capitalization remains unchanged, which explains the apparent ~90 percent drop in price post-split (source: SEC Investor.gov). For derivatives traders, standard equity options are adjusted so strikes are divided by the split ratio and contracts continue to represent 100 post-split shares under OCC adjustment procedures (source: Options Clearing Corporation). Historically, crypto assets such as BTC and ETH have shown positive correlations with U.S. tech equities, so heightened attention around mega-cap tech events can coincide with shifts in crypto risk sentiment and liquidity (source: International Monetary Fund).

According to @StockMKTNewz, ServiceNow (NOW) announced a 5-for-1 stock split, stating the share count will rise fivefold while the price per share will drop to one-fifth, leaving total company value unchanged (source: @StockMKTNewz). This alignment is consistent with regulatory guidance that stock splits do not alter a company’s overall market capitalization or shareholder equity value (source: U.S. SEC Investor.gov). Traders should expect options contracts on NOW to be adjusted by the Options Clearing Corporation to maintain economic equivalence post-split, a standard process during split events (source: OCC). For crypto risk sentiment, equity market risk-on phases have shown periods of positive correlation with BTC, so any short-term tech sentiment shift around the split could coincide with BTC moves even without direct linkage (source: Coin Metrics).