Cisco Systems Inc. Stock Falls Wednesday, Underperforms Market
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Shares of Cisco Systems Inc. (CSCO) slid 1.82% to $48.65 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.65% to 3,935.18 and Dow Jones Industrial Average falling 1.02% to 31,834.11. Cisco Systems Inc. closed $15.64 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 Wednesday, as Microsoft Corp. (MSFT) fell 3.32% to $260.55, International Business Machines Corp. (IBM) rose 1.25% to $130.75, and VMware Inc. (VMW) rose 0.60% to $98.16. Trading volume (23.9 M) eclipsed its 50-day average volume of 20.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 11, 2022.
(END) Dow Jones Newswires
May 11, 2022 16:46 ET (20:46 GMT)
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