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Shares of Fortinet Inc. (FTNT) rallied 1.95% to $57.10 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 2.46% to 3,901.06 and the Dow Jones Industrial Average rising 2.59% to 32,861.80. This was the stock's second consecutive day of gains. Fortinet Inc. closed $17.25 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 Friday, as Cisco Systems Inc. (CSCO) rose 2.75% to $45.64 and HP Inc. (HPQ) rose 3.05% to $28.05. Trading volume (3.8 M) remained 1.4 million below its 50-day average volume of 5.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 28, 2022.
(END) Dow Jones Newswires
October 28, 2022 16:55 ET (20:55 GMT)
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