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Shares of Fortinet Inc. FTNT sank 0.38% to $61.00 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.13% to 3,966.84 and the Dow Jones Industrial Average DJIA rising 0.28% to 31,990.04. This was the stock's second consecutive day of losses. Fortinet Inc. closed $13.35 below its 52-week high ($74.35), which the company reached on December 29th.
The stock underperformed when compared to some of its competitors Monday, as Cisco Systems Inc. CSCO fell 0.27% to $44.34 and HP Inc. HPQ rose 0.40% to $32.60. Trading volume (3.2 M) remained 2.9 million below its 50-day average volume of 6.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 25, 2022.
(END) Dow Jones Newswires
July 25, 2022 16:55 ET (20:55 GMT)
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