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Shares of Arista Networks Inc. (ANET) shed 4.79% to $122.92 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 2.08% to 3,748.57 and Dow Jones Industrial Average falling 1.95% to 32,513.94. This was the stock's third consecutive day of losses. Arista Networks Inc. closed $25.65 short of its 52-week high ($148.57), which the company achieved on December 27th.
The stock underperformed when compared to some of its competitors Wednesday, as Microsoft Corp. (MSFT) fell 1.91% to $224.51, Cisco Systems Inc. (CSCO) fell 1.57% to $43.91, and HP Inc. (HPQ) fell 3.64% to $27.80. Trading volume (3.1 M) eclipsed its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 9, 2022.
(END) Dow Jones Newswires
November 09, 2022 16:37 ET (21:37 GMT)
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