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Shares of Fortinet Inc. FTNT shed 2.16% to $57.64 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX falling 0.30% to 3,790.38 and Dow Jones Industrial Average DJIA falling 0.46% to 30,630.17. This was the stock's fourth consecutive day of losses. Fortinet Inc. closed $16.71 below its 52-week high ($74.35), which the company reached on December 29th.
The stock underperformed when compared to some of its competitors Thursday, as Cisco Systems Inc. CSCO fell 0.87% to $42.33 and HP Inc. HPQ rose 0.39% to $31.18. Trading volume (4.6 M) remained 2.2 million below its 50-day average volume of 6.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 14, 2022.
(END) Dow Jones Newswires
July 14, 2022 16:55 ET (20:55 GMT)
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