Netflix Inc. shares fall on Wednesday, underperforming the market

Netflix Inc. NFLX Shares,
-1.18%
fell 1.18% to $ 524.59 on Wednesday, in what proved to be a big trading session for the stock market, with the S&P 500 SPX index,
+ 0.13%
rising 0.13% to 3,732.04 and the Dow Jones Industrial Average DJIA,
+ 0.24%
increasing 0.24% to 30,409.56. The stock dip resulted in a two-day winning streak. Netflix Inc. closed $ 50.78 short of its 52-week high ($ 575.37), which the company reached on July 13.

The stock underperformed when compared to some of its competitors on Wednesday, such as Amazon.com Inc. AMZN,
-1.09%
fell 1.09% to $ 3,285.85, Walt Disney Co. DIS,
+ 2.18%
rose 2.18% to $ 181.17 and Comcast Corp. Cl A CMCSA,
-0.66%
fell 0.66% to $ 51.21. Turnover (1.8 M) remained 2.9 million below its average 50-day volume of 4.7 M.

Editor’s note: this story was automatically generated by Automated Insights using data from Dow Jones and FactSet. See our market data terms of use.

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