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Shares of Fortinet Inc. FTNT shed 4.27% to $59.62 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX falling 0.92% to 3,818.80 and Dow Jones Industrial Average DJIA falling 0.62% to 30,981.33. This was the stock's second consecutive day of losses. Fortinet Inc. closed $14.73 below its 52-week high ($74.35), which the company reached on December 29th.
The stock underperformed when compared to some of its competitors Tuesday, as Cisco Systems Inc. CSCO fell 0.90% to $42.86 and HP Inc. HPQ fell 0.22% to $31.33. Trading volume (5.6 M) remained 1.3 million below its 50-day average volume of 6.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 12, 2022.
(END) Dow Jones Newswires
July 12, 2022 16:58 ET (20:58 GMT)
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