Wednesday, March 22, 2023
HomeMarketNetflix Inc. stock falls Thursday, underperforms market

Netflix Inc. stock falls Thursday, underperforms market

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Shares of Netflix Inc.
NFLX,
-0.84%
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
SPX,
+1.10%
rising 1.10% to 4,060.43 and the Dow Jones Industrial Average
DJIA,
+0.61%
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,
+1.48%
rose 1.48% to $143.96, Walt Disney Co.
DIS,
+1.46%
rose 1.46% to $109.70, and Comcast Corp. Cl A
CMCSA,
+0.77%
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.


Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

Credit: marketwatch.com

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