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Shares of Fortinet Inc. (FTNT) slid 2.54% to $52.52 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.08% to 33,336.67 and the S&P 500 Index falling 0.07% to 4,207.27. Fortinet Inc. closed $21.83 short of its 52-week high ($74.35), which the company reached on December 29th.
The stock underperformed when compared to some of its competitors Thursday, as Cisco Systems Inc. (CSCO) fell 0.26% to $45.90 and HP Inc. (HPQ) rose 0.71% to $34.22. Trading volume (5.5 M) eclipsed its 50-day average volume of 5.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 11, 2022.
(END) Dow Jones Newswires
August 11, 2022 16:55 ET (20:55 GMT)
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