Netflix Inc. stock outperforms competitors despite losses on the day

Netflix Inc. stock outperforms competitors despite losses on the day

Shares of Netflix Inc. NFLX, -3.10% slid 3.10% to $368.35 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -0.97% falling 0.97% to 4,481.15 and Dow Jones Industrial Average DJIA, -0.42% falling 0.42% to 34,496.51. This was the stock’s second consecutive day of losses. Netflix Inc. closed $332.64 short of its 52-week high ($700.99), which the company achieved on November 17th.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Amazon.com Inc. AMZN, -3.23% fell 3.23% to $3,175.12, Walt Disney Co. DIS, -2.25% fell 2.25% to $132.57, and Comcast Corp. Cl A CMCSA, -0.29% fell 0.29% to $47.73. Trading volume (4.3 M) remained 3.1 million below its 50-day average volume of 7.4 M.

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