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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)
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