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Shares of Cisco Systems Inc. (CSCO) shed 0.74% to $48.29 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.13% to 3,930.08 and Dow Jones Industrial Average falling 0.33% to 31,730.30. This was the stock's second consecutive day of losses. Cisco Systems Inc. closed $16.00 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 2.00% to $255.35, International Business Machines Corp. (IBM) rose 1.64% to $132.90, and VMware Inc. (VMW) rose 1.48% to $99.61. Trading volume (25.8 M) eclipsed its 50-day average volume of 20.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 12, 2022.
(END) Dow Jones Newswires
May 12, 2022 16:46 ET (20:46 GMT)
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