Tuesday, March 28, 2023
HomeMarketNetflix Inc. stock falls Thursday, underperforms market

Netflix Inc. stock falls Thursday, underperforms market

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Shares of Netflix Inc.
shed 2.96% to $350.71 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index
falling 1.38% to 4,090.41 and Dow Jones Industrial Average
falling 1.26% to 33,696.85. The stock’s fall snapped a three-day winning streak. Netflix Inc. closed $52.16 below its 52-week high ($402.87), which the company achieved on February 18th.

The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Apple Inc.
fell 1.04% to $153.71, Walt Disney Co.
fell 3.12% to $105.83, and Comcast Corp. Cl A
rose 0.76% to $39.72. Trading volume (5.2 M) remained 3.7 million below its 50-day average volume of 8.9 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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