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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 +2.69% fell 3.0% in afternoon trading, after Walt Disney Co.'s /zigman2/quotes/203410047/composite DIS +0.94% 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 +3.43% , 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
$ 479.51
+12.58 +2.69%
Volume: 3.40M
Aug. 12, 2020 2:33p
P/E Ratio
80.98
Dividend Yield
N/A
Market Cap
$205.92 billion
Rev. per Employee
$2.22M
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/zigman2/quotes/203410047/composite
US : U.S.: NYSE
$ 131.72
+1.23 +0.94%
Volume: 8.06M
Aug. 12, 2020 2:33p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$235.80 billion
Rev. per Employee
$295,532
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/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 452.51
+15.01 +3.43%
Volume: 31.14M
Aug. 12, 2020 2:34p
P/E Ratio
34.36
Dividend Yield
0.73%
Market Cap
$1870.59 billion
Rev. per Employee
$1.98M
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