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Nov. 13, 2019, 3:15 p.m. EST

Netflix's stock falls as Disney's soars toward record high

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By Tomi Kilgore

Shares of Netflix Inc. /zigman2/quotes/202353025/composite NFLX +0.02% fell 3.0% in afternoon trading, after Walt Disney Co.'s /zigman2/quotes/203410047/composite DIS -0.34% rival Disney+ streaming video service gathered 10 million subscribers in just one day. Disney's stock shot up 7.9% toward a record high close, with the stock's price gain of $10.94 adding about 74 points to the Dow Jones Industrial Average's price, which climbed 102 points. Netflix's stock drop should delight the increasing number of Netflix bears, as short-interest data released earlier this week showed that short interest as of Oct. 31 rose to a 10-month high of 25.3 million shares, representing 5.9% of the shares available to trade (float). In comparison, there were 16.2 million Disney shares shorted as of Oct. 31, or 0.9% of the float. Shares of Apple Inc. /zigman2/quotes/202934861/composite AAPL +1.36% , which released its own streaming video service Apple TV+ on Nov. 1, rose 1.0% toward a record close. There were 45.2 million Apple shares shorted, or 1.0% of the float.

/zigman2/quotes/202353025/composite
US : U.S.: Nasdaq
$ 298.50
+0.06 +0.02%
Volume: 3.88M
Dec. 13, 2019 4:00p
P/E Ratio
95.27
Dividend Yield
N/A
Market Cap
$130.82 billion
Rev. per Employee
$2.22M
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/zigman2/quotes/203410047/composite
US : U.S.: NYSE
$ 146.38
-0.50 -0.34%
Volume: 9.35M
Dec. 13, 2019 6:30p
P/E Ratio
21.03
Dividend Yield
1.20%
Market Cap
$263.84 billion
Rev. per Employee
$295,532
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/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 275.15
+3.69 +1.36%
Volume: 33.43M
Dec. 13, 2019 4:00p
P/E Ratio
23.21
Dividend Yield
1.12%
Market Cap
$1222.57 billion
Rev. per Employee
$1.98M
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