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Shares of Fortinet Inc. (FTNT) shed 1.57% to $52.08 Monday, on what proved to be an all-around poor 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. Fortinet Inc. closed $22.27 short of its 52-week high ($74.35), which the company achieved on December 29th.
The stock underperformed when compared to some of its competitors Monday, as Cisco Systems Inc. (CSCO) fell 0.66% to $48.08, CrowdStrike Holdings Inc. Cl A (CRWD) fell 0.43% to $139.45, and Palo Alto Networks Inc. (PANW) fell 0.80% to $171.39. Trading volume (3.9 M) remained 1.5 million below its 50-day average volume of 5.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 28, 2022.
(END) Dow Jones Newswires
November 28, 2022 17:01 ET (22:01 GMT)
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