Netflix Inc. Stock Falls Thursday, Underperforms Market
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Shares of Netflix Inc. (NFLX) slid 0.84% to $364.87 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.10% to 4,060.43 and the Dow Jones Industrial Average rising 0.61% to 33,949.41. The stock's fall snapped a four-day winning streak. Netflix Inc. closed $93.61 short of its 52-week high ($458.48), which the company reached on February 1st.
The stock underperformed when compared to some of its competitors Thursday, as Apple Inc. (AAPL) rose 1.48% to $143.96, Walt Disney Co. (DIS) rose 1.46% to $109.70, and Comcast Corp. Cl A (CMCSA) rose 0.77% to $40.41. Trading volume (7.6 M) remained 2.2 million below its 50-day average volume of 9.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 26, 2023.
(END) Dow Jones Newswires
January 26, 2023 16:32 ET (21:32 GMT)
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