Cisco Systems Inc. Stock Rises Tuesday, Outperforms Market
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Shares of Cisco Systems Inc. (CSCO) rose 1.21% to $49.55 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.25% to 4,001.05 and the Dow Jones Industrial Average falling 0.26% to 32,160.74. The stock's rise snapped a three-day losing streak. Cisco Systems Inc. closed $14.74 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 1.86% to $269.50, International Business Machines Corp. (IBM) fell 3.95% to $129.13, and VMware Inc. (VMW) fell 1.63% to $97.57. Trading volume (21.7 M) eclipsed its 50-day average volume of 20.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 10, 2022.
(END) Dow Jones Newswires
May 10, 2022 16:46 ET (20:46 GMT)
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