Arista Networks Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Arista Networks Inc. (ANET) shed 1.52% to $133.70 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.54% to 3,963.94 and Dow Jones Industrial Average falling 1.45% to 33,849.46. This was the stock's second consecutive day of losses. Arista Networks Inc. closed $14.87 short of its 52-week high ($148.57), which the company achieved on December 27th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Lantronix Inc. (LTRX) fell 3.40% to $5.12, Silicom Ltd. (SILC) fell 0.81% to $43.71, and HP Inc. (HPQ) fell 3.12% to $29.21. Trading volume (1.4 M) remained 1.1 million below its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 28, 2022.
(END) Dow Jones Newswires
November 28, 2022 16:38 ET (21:38 GMT)
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