Fortinet Inc. Stock Falls Tuesday, Underperforms Market
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Shares of Fortinet Inc. (FTNT) slumped 0.94% to $51.59 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.01% to 33,852.53 and the S&P 500 Index falling 0.16% to 3,957.63. This was the stock's third consecutive day of losses. Fortinet Inc. closed $22.76 short of its 52-week high ($74.35), which the company achieved on December 29th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Cisco Systems Inc. (CSCO) rose 0.42% to $48.28, CrowdStrike Holdings Inc. Cl A (CRWD) fell 1.04% to $138.00, and Palo Alto Networks Inc. (PANW) fell 0.51% to $170.51. Trading volume (5.7 M) eclipsed its 50-day average volume of 5.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 29, 2022.
(END) Dow Jones Newswires
November 29, 2022 17:02 ET (22:02 GMT)
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