Shares of Netflix Inc. NFLX, +9.29% rose 9.29% to $245.20 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +1.97% rising 1.97% to 3,719.04 and the Dow Jones Industrial Average DJIA, +1.88% rising 1.88% to 29,683.74. This was the stock’s second consecutive day of gains. Netflix Inc. closed $455.79 short of its 52-week high ($700.99), which the company achieved on November 17th.
The stock outperformed some of its competitors Wednesday, as Amazon.com Inc. AMZN, +3.15% rose 3.15% to $118.01, Walt Disney Co. DIS, +3.70% rose 3.70% to $99.40, and Comcast Corp. Cl A CMCSA, +2.97% rose 2.97% to $31.16. Trading volume (17.5 M) eclipsed its 50-day average volume of 10.2 M.