Cisco Systems Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Cisco Systems Inc. (CSCO) shed 4.43% to $48.36 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 4.04% to 3,923.68 and Dow Jones Industrial Average falling 3.57% to 31,490.07. Cisco Systems Inc. closed $15.93 below its 52-week high ($64.29), which the company reached on December 29th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Microsoft Corp. (MSFT) fell 4.55% to $254.08, International Business Machines Corp. (IBM) fell 3.92% to $132.94, and VMware Inc. (VMW) fell 7.75% to $93.63. Trading volume (36.0 M) eclipsed its 50-day average volume of 21.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 18, 2022.
(END) Dow Jones Newswires
May 18, 2022 16:46 ET (20:46 GMT)
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