Fortinet Inc. Stock Rises Monday, Outperforms Market
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Shares of Fortinet Inc. (FTNT) advanced 1.61% to $47.86 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.96% to 3,806.80 and the Dow Jones Industrial Average rising 1.31% to 32,827.00. This was the stock's second consecutive day of gains. Fortinet Inc. closed $26.49 below its 52-week high ($74.35), which the company reached on December 29th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Cisco Systems Inc. (CSCO) rose 0.07% to $44.55 and HP Inc. (HPQ) rose 1.63% to $28.75. Trading volume (6.2 M) eclipsed its 50-day average volume of 5.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 7, 2022.
(END) Dow Jones Newswires
November 07, 2022 16:55 ET (21:55 GMT)
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