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Shares of Cisco Systems Inc. (CSCO) sank 0.75% to $48.96 Monday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 3.20% to 3,991.24 and Dow Jones Industrial Average falling 1.99% to 32,245.70. This was the stock's third consecutive day of losses. Cisco Systems Inc. closed $15.33 below its 52-week high ($64.29), which the company reached on December 29th.
Despite its losses, the stock outperformed some of its competitors Monday, as Microsoft Corp. (MSFT) fell 3.69% to $264.58, International Business Machines Corp. (IBM) fell 1.16% to $134.44, and VMware Inc. (VMW) fell 1.43% to $99.19.true Trading volume (22.3 M) eclipsed its 50-day average volume of 20.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 9, 2022.
(END) Dow Jones Newswires
May 09, 2022 16:46 ET (20:46 GMT)
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