Cisco Systems Inc. Stock Falls Wednesday, Underperforms Market

Silk Road Medical Inc

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SILK Silk Road Medical Inc

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Health Care : Health Care Equipment & Supplies | Small Cap Blend

Company profile

Silk Road Medical, Inc. is a medical device company, which is focused on reducing the risk of stroke and its devastating impact. The Company has discovered an approach for the treatment of carotid artery disease called TransCarotid Artery Revascularization (TCAR), which relies on two concepts: minimally invasive direct carotid access in the neck and high-rate blood flow reversal during the procedure to protect the brain and combines the benefits of innovative endovascular techniques with fundamental surgical principles. The Company's ENROUTE Transcarotid Neuroprotection System (NPS) and ENROUTE Transcarotid Stent System are the products for use in TCAR. Its ENROUTE Transcarotid Stent System is placed during a period of temporary high-rate blood flow reversal, which is enabled by its ENROUTE Transcarotid NPS. It markets and sells its products in the United States through a direct sales organization consisting of approximately 64 sales representatives and 62 clinical support specialists.

Cisco Systems Inc. Stock Falls Wednesday, Underperforms Market

4:47 pm ET November 16, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Cisco Systems Inc. (CSCO) slipped 1.14% to $44.39 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.83% to 3,958.79 and Dow Jones Industrial Average falling 0.12% to 33,553.83. Cisco Systems Inc. closed $19.90 short of its 52-week high ($64.29), which the company reached on December 29th.

The stock underperformed when compared to some of its competitors Wednesday, as Microsoft Corp. (MSFT) rose 0.18% to $241.73, International Business Machines Corp. (IBM) rose 0.12% to $144.52, and VMware Inc. (VMW) fell 0.83% to $115.32. Trading volume (24.2 M) eclipsed its 50-day average volume of 19.9 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 16, 2022.

(END) Dow Jones Newswires

November 16, 2022 16:47 ET (21:47 GMT)