Cisco Systems Inc. Stock Falls Tuesday, Underperforms Market
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Shares of Cisco Systems Inc. (CSCO) shed 2.45% to $61.25 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.59% to 36,799.65 and the S&P 500 Index falling 0.06% to 4,793.54. This was the stock's fourth consecutive day of losses. Cisco Systems Inc. closed $3.04 below its 52-week high ($64.29), which the company achieved on December 29th.
The stock underperformed when compared to some of its competitors Tuesday, as Microsoft Corp. (MSFT) fell 1.71% to $329.01, International Business Machines Corp. (IBM) rose 1.46% to $138.02, and VMware Inc. (VMW) rose 1.95% to $120.50. Trading volume (29.4 M) eclipsed its 50-day average volume of 21.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 4, 2022.
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(END) Dow Jones Newswires
January 04, 2022 16:48 ET (21:48 GMT)
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