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Shares of Cisco Systems Inc. (CSCO) slid 3.82% to $49.61 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 3.56% to 4,146.87 and Dow Jones Industrial Average falling 3.12% to 32,997.97. The stock's fall snapped a three-day winning streak. Cisco Systems Inc. closed $14.68 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 Thursday, as Microsoft Corp. (MSFT) fell 4.36% to $277.35, International Business Machines Corp. (IBM) fell 1.08% to $135.92, and VMware Inc. (VMW) fell 4.85% to $104.52. Trading volume (24.7 M) eclipsed its 50-day average volume of 20.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 5, 2022.
(END) Dow Jones Newswires
May 05, 2022 16:46 ET (20:46 GMT)
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