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Shares of Cisco Systems Inc. (CSCO) took a -14% dive 13.73% to $41.72 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.58% to 3,900.79 and Dow Jones Industrial Average falling 0.75% to 31,253.13. This was the stock's second consecutive day of losses. Cisco Systems Inc. closed $22.57 below its 52-week high ($64.29), which the company reached on December 29th.
The stock underperformed when compared to some of its competitors Thursday, as Microsoft Corp. (MSFT) fell 0.37% to $253.14, International Business Machines Corp. (IBM) fell 2.47% to $129.66, and VMware Inc. (VMW) rose 1.41% to $94.95. Trading volume (96.8 M) eclipsed its 50-day average volume of 21.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 19, 2022.
(END) Dow Jones Newswires
May 19, 2022 16:46 ET (20:46 GMT)
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