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Shares of Fortinet Inc. (FTNT) shed 3.68% to $52.15 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.48% to 3,965.34 and the Dow Jones Industrial Average rising 0.59% to 33,745.69. This was the stock's third consecutive day of losses. Fortinet Inc. closed $22.20 below its 52-week high ($74.35), which the company achieved on December 29th.
The stock underperformed when compared to some of its competitors Friday, as Cisco Systems Inc. (CSCO) rose 2.58% to $47.79 and HP Inc. (HPQ) rose 0.17% to $29.48. Trading volume (6.4 M) eclipsed its 50-day average volume of 5.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 18, 2022.
(END) Dow Jones Newswires
November 18, 2022 16:55 ET (21:55 GMT)
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