Cisco Systems Inc. Stock Outperforms Market On Strong Trading Day
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Shares of Cisco Systems Inc. (CSCO) rallied 2.92% to $42.94 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.01% to 3,901.36 and the Dow Jones Industrial Average rising 0.03% to 31,261.90. The stock's rise snapped a two-day losing streak. Cisco Systems Inc. closed $21.35 below its 52-week high ($64.29), which the company achieved on December 29th.
The stock outperformed some of its competitors Friday, as Microsoft Corp. (MSFT) fell 0.23% to $252.56, International Business Machines Corp. (IBM) fell 0.91% to $128.48, and VMware Inc. (VMW) rose 0.80% to $95.71. Trading volume (45.9 M) eclipsed its 50-day average volume of 23.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 20, 2022.
(END) Dow Jones Newswires
May 20, 2022 16:46 ET (20:46 GMT)
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