By Stephen Nakrosis 
 

Shares of Netflix Inc. (NFLX) are trading lower in Friday's market, just a few days before their next earnings release and a day after Walt Disney Co. (DIS) unveiled plans for its own streaming service.

At 11:10 a.m. ET, the company's shares had fallen 3.67% to trade at $354.14. Trading was brisk, with over 8.3 million shares already trading. The stock's 65-day average volume is around 8.5 million.

On Thursday, Disney announced it would inaugurate its own streaming service in November, drawing on its massive archives of films and television programs, its Marvel and Star Wars franchises and other properties. That company's shares have risen 8.95% to trade at $127.01, with very heavy trading taking place.

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

April 12, 2019 11:34 ET (15:34 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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