Netflix Inc. (NFLX) saw a significant boost in its stock price on Wednesday, with shares jumping by 10.70% to reach $544.87. This surge came amidst a mixed trading session for the stock market as a whole. The S&P 500 Index (SPX) witnessed a slight increase of 0.08%, rising to 4,868.55, while the Dow Jones Industrial Average (DJIA) experienced a slight decline of 0.26%, falling to 37,806.39.
Remarkably, this marks the third consecutive day of gains for Netflix Inc.
In addition to this increase, Netflix Inc. also achieved a new 52-week high. The stock surpassed its previous peak of $503.41, which was reached on January 11th.
Compared to its competitors, Netflix Inc. outperformed on Wednesday. Apple Inc. (AAPL) saw a decline of 0.35%, with shares falling to $194.50. Walt Disney Co. (DIS) also witnessed a decrease of 0.29%, with shares dropping to $93.50. Similarly, Comcast Corp. Cl A (CMCSA) experienced a decrease of 0.34%, with shares falling to $43.80.
Furthermore, the trading volume for Netflix Inc. on Wednesday reached 26.3 million, surpassing its 50-day average volume of 4.2 million.
