Shares of Netflix Inc. NFLX slipped 1.18% to $524.59 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.13% to 3,732.04 and the Dow Jones Industrial Average DJIA rising 0.24% to 30,409.56. The stock’s fall snapped a two-day winning streak. Netflix Inc. closed $50.78 short of its 52-week high ($575.37), which the company achieved on July 13th.
The stock underperformed when compared to some of its competitors Wednesday, as Amazon.com Inc. AMZN fell 1.09% to $3,285.85, Walt Disney Co. DIS rose 2.18% to $181.17, and Comcast Corp. Cl A CMCSA fell 0.66% to $51.21. Trading volume (1.8 M) remained 2.9 million below its 50-day average volume of 4.7 M.