This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Fortinet Inc. (FTNT) shed 5.65% to $53.23 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 2.50% to 3,759.69 and Dow Jones Industrial Average falling 1.55% to 32,147.76. This was the stock's second consecutive day of losses. Fortinet Inc. closed $21.12 below its 52-week high ($74.35), which the company achieved on December 29th.
The stock underperformed when compared to some of its competitors Wednesday, as Cisco Systems Inc. (CSCO) fell 1.96% to $44.57 and HP Inc. (HPQ) fell 3.12% to $26.98. Trading volume (9.7 M) eclipsed its 50-day average volume of 5.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 2, 2022.
(END) Dow Jones Newswires
November 02, 2022 16:55 ET (20:55 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.