Cisco Systems Inc. Stock Outperforms Market On Strong Trading Day
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Shares of Cisco Systems Inc. (CSCO) inched 0.17% higher to $63.53 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.26% to 36,398.21 and the S&P 500 Index falling 0.10% to 4,786.35. This was the stock's fifth consecutive day of gains. Cisco Systems Inc. hit a new 52-week high, surpassing its previous peak of $63.47, which the company reached on December 27th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Microsoft Corp. (MSFT) fell 0.35% to $341.25, International Business Machines Corp. (IBM) rose 0.77% to $132.63, and VMware Inc. (VMW) rose 1.03% to $117.48. Trading volume (12.7 M) remained 8.6 million below its 50-day average volume of 21.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 28, 2021.
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December 28, 2021 16:47 ET (21:47 GMT)
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