Cisco Systems Inc. Stock Rises Tuesday, Outperforms Market
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Shares of Cisco Systems Inc. (CSCO) rallied 1.60% to $48.38 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.36% to 4,003.58 and the Dow Jones Industrial Average rising 1.18% to 34,098.10. Cisco Systems Inc. closed $15.91 short of its 52-week high ($64.29), which the company achieved on December 29th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Microsoft Corp. (MSFT) rose 1.23% to $245.03, International Business Machines Corp. (IBM) rose 1.65% to $149.10, and VMware Inc. (VMW) rose 1.39% to $118.39. Trading volume (16.3 M) remained 4.5 million below its 50-day average volume of 20.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 22, 2022.
(END) Dow Jones Newswires
November 22, 2022 16:47 ET (21:47 GMT)
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