Netflix Inc. (NFLX) experienced a modest increase of 0.25% in its stock price on Thursday, reaching $429.98. This positive movement coincided with a strong overall trading session for the stock market. The S&P 500 Index (SPX) rose 0.03% to 4,468.83, while the Dow Jones Industrial Average (DJIA) saw a gain of 0.15% to 35,176.15.
This upward momentum brought an end to Netflix's two-day losing streak, providing a much-needed boost for the company.
It's important to note that Netflix Inc. closed at a price that was $55.02 lower than its 52-week high of $485.00, which it had achieved on July 19th.
When compared to some of its competitors on Thursday, Netflix's performance was mixed. Apple Inc. (AAPL) saw a decrease of 0.12% to $177.97, while Walt Disney Co. (DIS) experienced a significant rise of 4.88% to $91.76. Comcast Corp. Cl A (CMCSA) also saw a positive movement, with a gain of 1.44% to $45.93.
The trading volume for Netflix Inc. on Thursday was 5.4 million shares, which remained 1.9 million shares below its 50-day average volume of 7.4 million shares.
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