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Shares of Fortinet Inc. FTNT shed 7.77% to $56.26 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX falling 1.15% to 3,921.05 and Dow Jones Industrial Average DJIA falling 0.71% to 31,761.54. This was the stock's third consecutive day of losses. Fortinet Inc. closed $18.09 short of its 52-week high ($74.35), which the company achieved on December 29th.
The stock underperformed when compared to some of its competitors Tuesday, as Cisco Systems Inc. CSCO fell 1.15% to $43.83 and HP Inc. HPQ fell 1.99% to $31.95. Trading volume (6.5 M) eclipsed its 50-day average volume of 5.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 26, 2022.
(END) Dow Jones Newswires
July 26, 2022 16:55 ET (20:55 GMT)
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