Netflix Inc. stock rises Tuesday, still underperforms market

Netflix Inc. stock rises Tuesday, still underperforms market

Shares of Netflix Inc. NFLX, +0.78% inched 0.78% higher to $491.17 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +1.05% rising 1.05% to 3,315.57 and the Dow Jones Industrial Average DJIA, +0.51% rising 0.52% to 27,288.18. This was the stock’s second consecutive day of gains. Netflix Inc. closed $84.20 below its 52-week high ($575.37), which the company achieved on July 13th.

The stock underperformed when compared to some of its competitors Tuesday, as Amazon.com Inc. AMZN, +5.69% rose 5.69% to $3,128.99, Walt Disney Co. DIS, +1.43% rose 1.44% to $127.21, and Comcast Corp. Cl A CMCSA, +3.38% rose 3.38% to $46.19. Trading volume (3.5 M) remained 3.7 million below its 50-day average volume of 7.2 M.

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