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Shares of Fortinet Inc. (FTNT) shed 1.09% to $55.52 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.89% to 3,957.25 and Dow Jones Industrial Average falling 0.63% to 33,536.70. The stock's fall snapped a two-day winning streak. Fortinet Inc. closed $18.83 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 Monday, as Cisco Systems Inc. (CSCO) fell 0.11% to $44.74 and HP Inc. (HPQ) fell 0.39% to $30.43. Trading volume (5.7 M) remained 2,271 below its 50-day average volume of 5.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 14, 2022.
(END) Dow Jones Newswires
November 14, 2022 16:55 ET (21:55 GMT)
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