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Shares of Fortinet Inc. (FTNT) slipped 1.01% to $54.14 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.31% to 3,946.56 and Dow Jones Industrial Average falling 0.02% to 33,546.32. This was the stock's second consecutive day of losses. Fortinet Inc. closed $20.21 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 Thursday, as Cisco Systems Inc. (CSCO) rose 4.96% to $46.59 and HP Inc. (HPQ) rose 0.48% to $29.43. Trading volume (5.4 M) remained 178,984 below its 50-day average volume of 5.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 17, 2022.
(END) Dow Jones Newswires
November 17, 2022 16:55 ET (21:55 GMT)
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