Shares of Netflix Inc. NFLX slumped 0.97% to $494.25 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.04% to 3,801.19 and the Dow Jones Industrial Average DJIA rising 0.19% to 31,068.69. This was the stock’s second consecutive day of losses. Netflix Inc. closed $81.12 short of its 52-week high ($575.37), which the company achieved on July 13th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Amazon.com Inc. AMZN rose 0.21% to $3,120.83, Walt Disney Co. DIS fell 1.73% to $175.99, and Comcast Corp. Cl A CMCSA fell 2.93% to $50.01. Trading volume (6.0 M) eclipsed its 50-day average volume of 4.0 M.