Netflix Inc. Stock Falls Thursday, Underperforms Market
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Shares of Netflix Inc. (NFLX) slid 3.51% to $295.28 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.31% to 3,946.56 and Dow Jones Industrial Average falling 0.02% to 33,546.32. This was the stock's second consecutive day of losses. Netflix Inc. closed $398.88 below its 52-week high ($694.16), which the company achieved on November 19th.
The stock underperformed when compared to some of its competitors Thursday, as Amazon.com Inc. (AMZN) fell 2.34% to $94.85, Walt Disney Co. (DIS) fell 2.66% to $91.45, and Comcast Corp. Cl A (CMCSA) rose 0.82% to $34.26. Trading volume (9.7 M) remained 3.4 million below its 50-day average volume of 13.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 17, 2022.
(END) Dow Jones Newswires
November 17, 2022 16:31 ET (21:31 GMT)
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