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Shares of Fortinet Inc. FTNT advanced 2.97% to $57.93 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 2.62% to 4,023.61 and the Dow Jones Industrial Average DJIA rising 1.37% to 32,197.59. The stock's rise snapped a three-day losing streak. Fortinet Inc. closed $16.42 below its 52-week high ($74.35), which the company reached on December 29th.
The stock outperformed some of its competitors Wednesday, as Cisco Systems Inc. CSCO rose 1.85% to $44.64 and HP Inc. HPQ rose 2.10% to $32.62. Trading volume (4.3 M) remained 1.5 million below its 50-day average volume of 5.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 27, 2022.
(END) Dow Jones Newswires
July 27, 2022 16:55 ET (20:55 GMT)
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