Shares of Netflix Inc. (NFLX) displayed impressive growth on Friday, surging by 1.80% to reach $432.36. This increase came as part of an overall positive trading session for the stock market, with the S&P 500 Index (SPX) rising by 0.94% to reach 4,358.34 and the Dow Jones Industrial Average (DJIA) climbing by 0.66% to reach 34,061.32.
This notable gain marks the fifth consecutive day of positive performance for Netflix Inc.
However, despite this upward momentum, Netflix Inc. closed $52.64 below its 52-week high of $485.00, a record it achieved back on July 19th.
When comparing its performance to some of its major competitors on Friday, Netflix Inc. demonstrated mixed results. While Apple Inc. (AAPL) experienced a modest decline of 0.52% to $176.65, Walt Disney Co. (DIS) saw a notable increase of 2.14% to $85.07, and Comcast Corp. Cl A (CMCSA) experienced a solid rise of 1.60% to $43.18.
Despite these fluctuations, Netflix Inc. maintained healthy trading volume, with traded shares reaching 3.6 million, which is still slightly below its 50-day average volume of 6.0 million.