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Shares of Fortinet Inc. (FTNT) rose 3.26% to $53.89 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 2.13% to 4,210.24 and the Dow Jones Industrial Average rising 1.63% to 33,309.51. The stock's rise snapped a two-day losing streak. Fortinet Inc. closed $20.46 below its 52-week high ($74.35), which the company reached on December 29th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Cisco Systems Inc. (CSCO) rose 2.45% to $46.02 and HP Inc. (HPQ) rose 4.59% to $33.98. Trading volume (6.2 M) eclipsed its 50-day average volume of 5.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 10, 2022.
(END) Dow Jones Newswires
August 10, 2022 16:55 ET (20:55 GMT)
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