Cisco Systems Inc. Stock Outperforms Market On Strong Trading Day
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Shares of Cisco Systems Inc. (CSCO) rose 3.27% to $50.60 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 2.02% to 4,088.85 and the Dow Jones Industrial Average rising 1.34% to 32,654.59. Cisco Systems Inc. closed $13.69 below its 52-week high ($64.29), which the company achieved on December 29th.
The stock outperformed some of its competitors Tuesday, as Microsoft Corp. (MSFT) rose 2.03% to $266.82, International Business Machines Corp. (IBM) rose 2.47% to $138.37, and VMware Inc. (VMW) rose 0.89% to $101.50. Trading volume (18.7 M) remained 2.4 million below its 50-day average volume of 21.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 17, 2022.
(END) Dow Jones Newswires
May 17, 2022 16:46 ET (20:46 GMT)
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