Netflix Inc. stock underperforms Wednesday when compared to competitors despite daily gains – MarketWatch

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Shares of Netflix Inc. NFLX, +1.86% inched 0.41% higher to $361.42 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +1.19% rising 0.28% to 4,147.60 and the Dow Jones Industrial Average DJIA, +1.24% rising 0.11% to 34,128.05. This was the stock’s third consecutive day of gains. Netflix Inc. closed $41.45 below its 52-week high ($402.87), which the company achieved on February 18th.
The stock underperformed when compared to some of its competitors Wednesday, as Apple Inc. AAPL, +0.36% rose 1.39% to $155.33, Walt Disney Co. DIS, +1.97% rose 1.47% to $109.24, and Comcast Corp. Cl A CMCSA, +1.38% rose 0.92% to $39.42. Trading volume (4.0 M) remained 5.1 million below its 50-day average volume of 9.1 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.
The market capitalization of Apple Inc. has surpassed that of the entire Russell 2000 for two weeks, the longest stretch on record, according to Bloomberg data.

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