Netflix Inc. Stock Falls Friday, Underperforms Market
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Shares of Netflix Inc. (NFLX) slipped 2.47% to $287.98 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.48% to 3,965.34 and the Dow Jones Industrial Average rising 0.59% to 33,745.69. This was the stock's third consecutive day of losses. Netflix Inc. closed $406.18 below its 52-week high ($694.16), which the company reached on November 19th.
The stock underperformed when compared to some of its competitors Friday, as Amazon.com Inc. (AMZN) fell 0.75% to $94.14, Walt Disney Co. (DIS) rose 0.38% to $91.80, and Comcast Corp. Cl A (CMCSA) rose 0.70% to $34.50. Trading volume (8.4 M) remained 4.8 million below its 50-day average volume of 13.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 18, 2022.
(END) Dow Jones Newswires
November 18, 2022 16:31 ET (21:31 GMT)
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