Cisco Systems Inc. Stock Rises Tuesday, Still Underperforms Market
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Shares of Cisco Systems Inc. (CSCO) inched 0.36% higher to $44.90 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.87% to 3,991.73 and the Dow Jones Industrial Average rising 0.17% to 33,592.92. The stock's rise snapped a two-day losing streak. Cisco Systems Inc. closed $19.39 below its 52-week high ($64.29), which the company achieved on December 29th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Microsoft Corp. (MSFT) rose 0.17% to $241.97, International Business Machines Corp. (IBM) rose 0.10% to $144.34, and VMware Inc. (VMW) rose 0.62% to $116.29. Trading volume (19.3 M) remained 484,595 below its 50-day average volume of 19.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 15, 2022.
(END) Dow Jones Newswires
November 15, 2022 16:47 ET (21:47 GMT)
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