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Shares of Cisco Systems Inc. (CSCO) inched 0.68% higher to $63.96 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.14% to 4,793.06 and the Dow Jones Industrial Average rising 0.25% to 36,488.63. This was the stock's sixth consecutive day of gains. Cisco Systems Inc. hit a new 52-week high, surpassing its previous peak of $63.84, which the company reached on December 28th.
The stock outperformed some of its competitors Wednesday, as Microsoft Corp. (MSFT) rose 0.21% to $341.95, International Business Machines Corp. (IBM) rose 0.54% to $133.35, and VMware Inc. (VMW) rose 0.34% to $117.88. Trading volume (15.1 M) remained 6.3 million below its 50-day average volume of 21.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 29, 2021.
(END) Dow Jones Newswires
December 29, 2021 16:47 ET (21:47 GMT)
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