Fortinet Inc. Stock Outperforms Market On Strong Trading Day
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Shares of Fortinet Inc. (FTNT) inched 0.33% higher to $52.32 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.39% to 3,949.94 and Dow Jones Industrial Average falling 0.13% to 33,700.28. The stock's rise snapped a three-day losing streak. Fortinet Inc. closed $22.03 short of its 52-week high ($74.35), which the company achieved on December 29th.
The stock outperformed some of its competitors Monday, as Cisco Systems Inc. (CSCO) fell 0.36% to $47.62 and HP Inc. (HPQ) fell 1.09% to $29.16. Trading volume (3.7 M) remained 1.9 million below its 50-day average volume of 5.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 21, 2022.
(END) Dow Jones Newswires
November 21, 2022 16:55 ET (21:55 GMT)
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