Netflix Inc. Stock Falls Friday, Underperforms Market
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Netflix Inc. (NFLX) plummeted 21.79% to $397.50 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.89% to 4,397.94 and Dow Jones Industrial Average falling 1.30% to 34,265.37. This was the stock's second consecutive day of losses. Netflix Inc. closed $303.49 below its 52-week high ($700.99), which the company reached on November 17th.
The stock underperformed when compared to some of its competitors Friday, as Amazon.com Inc. (AMZN) fell 5.95% to $2,852.86, Walt Disney Co. (DIS) fell 6.94% to $137.38, and Comcast Corp. Cl A (CMCSA) fell 0.98% to $49.73. Trading volume (58.7 M) eclipsed its 50-day average volume of 3.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 21, 2022.
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(END) Dow Jones Newswires
January 21, 2022 16:31 ET (21:31 GMT)
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