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Shares of Fortinet Inc. (FTNT) shed 1.29% to $56.42 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.41% to 3,856.10 and Dow Jones Industrial Average falling 0.24% to 32,653.20. The stock's fall snapped a three-day winning streak. Fortinet Inc. closed $17.93 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 Tuesday, as Cisco Systems Inc. (CSCO) rose 0.07% to $45.46 and HP Inc. (HPQ) rose 0.83% to $27.85. Trading volume (4.8 M) remained 492,340 below its 50-day average volume of 5.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 1, 2022.
(END) Dow Jones Newswires
November 01, 2022 16:55 ET (20:55 GMT)
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