Shares of Netflix Inc. NFLX, -0.71% slumped 0.71% to $488.81 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +1.00% rising 1.00% to 3,431.28 and the Dow Jones Industrial Average DJIA, +1.35% rising 1.35% to 28,308.46. This was the stock’s second consecutive day of losses. Netflix Inc. closed $86.56 below its 52-week high ($575.37), which the company achieved on July 13th.
The stock underperformed when compared to some of its competitors Monday, as Amazon.com Inc. AMZN, +0.69% rose 0.69% to $3,307.46, Walt Disney Co. DIS, +2.55% rose 2.55% to $130.69, and Comcast Corp. Cl A CMCSA, +1.69% rose 1.69% to $43.80. Trading volume (4.5 M) remained 2.8 million below its 50-day average volume of 7.3 M.