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Shares of Fortinet Inc. (FTNT) plunged 13.71% to $45.93 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.06% to 3,719.89 and Dow Jones Industrial Average falling 0.46% to 32,001.25. This was the stock's third consecutive day of losses. Fortinet Inc. closed $28.42 below its 52-week high ($74.35), which the company achieved on December 29th.
The stock underperformed when compared to some of its competitors Thursday, as Cisco Systems Inc. (CSCO) fell 1.62% to $43.85 and HP Inc. (HPQ) fell 1.19% to $26.66. Trading volume (17.0 M) eclipsed its 50-day average volume of 5.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 3, 2022.
(END) Dow Jones Newswires
November 03, 2022 16:55 ET (20:55 GMT)
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