Shares of Netflix Inc. shed 1.34% to $485.81 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.18% to 4,219.55 and Dow Jones Industrial Average falling 0.44% to 34,447.14. This was the stock’s third consecutive day of losses. Netflix Inc. closed $107.48 below its 52-week high ($593.29), which the company reached on January 20th.
The stock underperformed when compared to some of its competitors Wednesday, as Amazon.com Inc. rose 0.52% to $3,281.15, Walt Disney Co. fell 0.16% to $176.04, and Comcast Corp. Cl A fell 0.30% to $56.26. Trading volume (3.0 M) remained 1.1 million below its 50-day average volume of 4.1 M.