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Shares of Fortinet Inc. FTNT rallied 4.48% to $60.22 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 1.92% to 3,863.16 and the Dow Jones Industrial Average DJIA rising 2.15% to 31,288.26. The stock's rise snapped a four-day losing streak. Fortinet Inc. closed $14.13 short of its 52-week high ($74.35), which the company achieved on December 29th.
The stock outperformed some of its competitors Friday, as Cisco Systems Inc. CSCO rose 1.75% to $43.07 and HP Inc. HPQ rose 1.54% to $31.66. Trading volume (4.7 M) remained 2.0 million below its 50-day average volume of 6.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 15, 2022.
(END) Dow Jones Newswires
July 15, 2022 16:54 ET (20:54 GMT)
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