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The positive performance of Comcast’s shares coincided with a buoyant stock market, as the S&P 500 Index and the Dow Jones Industrial Average closed at 4,358.24 and 33,739.30 respectively on Tuesday.
Despite trading volume for Comcast being reported at 15.4 million, below its 50-day average of 17.2 million, the company’s stock outperformed several key competitors in the sector. Netflix Inc. (NASDAQ:NFLX), for instance, saw its shares drop by 3.27% to $373.32 on Tuesday.
Meanwhile, Charter Communications Inc.’s (NASDAQ:CHTR) stock rose by 0.52% to $444.72, matching Comcast’s positive trajectory. However, Comcast slightly surpassed Walt Disney Co.’s (NYSE:NYSE:DIS) performance, which saw a lesser increase of 0.34% to close at $84.99.
The continued rise in Comcast’s shares suggests that investors are responding positively to the company’s recent performance and prospects, despite trading volumes being below average over the past week.
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