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Shares of Fortinet Inc. (FTNT) rallied 2.05% to $53.35 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.59% to 4,027.26 and the Dow Jones Industrial Average rising 0.28% to 34,194.06. Fortinet Inc. closed $21.00 short of its 52-week high ($74.35), which the company achieved on December 29th.
The stock outperformed some of its competitors Wednesday, as Cisco Systems Inc. (CSCO) rose 0.39% to $48.57 and HP Inc. (HPQ) rose 1.80% to $29.91. Trading volume (3.0 M) remained 2.5 million below its 50-day average volume of 5.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 23, 2022.
(END) Dow Jones Newswires
November 23, 2022 16:55 ET (21:55 GMT)
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