Cisco Systems Inc. Stock Outperforms Market Despite Losses On The Day
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Cisco Systems Inc. (CSCO) slipped 0.56% to $49.33 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.57% to 4,123.34 and Dow Jones Industrial Average falling 0.30% to 32,899.37. This was the stock's second consecutive day of losses. Cisco Systems Inc. closed $14.96 short of 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 Friday, as Microsoft Corp. (MSFT) fell 0.94% to $274.73, International Business Machines Corp. (IBM) rose 1.29% to $137.67, and VMware Inc. (VMW) fell 3.72% to $100.63. Trading volume (21.6 M) eclipsed its 50-day average volume of 20.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 6, 2022.
(END) Dow Jones Newswires
May 06, 2022 16:46 ET (20:46 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.