Cisco Systems Inc. Stock Rises Tuesday, Still Underperforms Market
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Shares of Cisco Systems Inc. (CSCO) inched 0.89% higher to $62.37 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.92% to 4,713.07 and the Dow Jones Industrial Average rising 0.51% to 36,252.02. This was the stock's fourth consecutive day of gains. Cisco Systems Inc. closed $1.92 below its 52-week high ($64.29), which the company achieved on December 29th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Microsoft Corp. (MSFT) rose 0.23% to $314.98, International Business Machines Corp. (IBM) fell 1.60% to $132.87, and VMware Inc. (VMW) rose 1.40% to $124.26. Trading volume (22.6 M) eclipsed its 50-day average volume of 22.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 11, 2022.
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(END) Dow Jones Newswires
January 11, 2022 16:47 ET (21:47 GMT)
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