Shares of Netflix Inc.
shed 3.90% to $500.49 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
rising 0.57% to 3,748.14 and the Dow Jones Industrial Average
rising 1.44% to 30,829.40. This was the stock’s third consecutive day of losses. Netflix Inc. closed $74.88 below its 52-week high ($575.37), which the company reached on July 13th.
The stock underperformed when compared to some of its competitors Wednesday, as Amazon.com Inc.
fell 2.49% to $3,138.38, Walt Disney Co.
rose 0.38% to $179.12, and Comcast Corp. Cl A
rose 1.16% to $50.56. Trading volume (5.2 M) eclipsed its 50-day average volume of 4.2 M.