Fortinet Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Fortinet Inc. (FTNT) rose 4.18% to $55.38 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.09% to 4,076.57 and Dow Jones Industrial Average falling 0.56% to 34,395.01. This was the stock's second consecutive day of gains. Fortinet Inc. closed $18.97 below its 52-week high ($74.35), which the company reached on December 29th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Cisco Systems Inc. (CSCO) rose 0.50% to $49.97, CrowdStrike Holdings Inc. Cl A (CRWD) rose 5.46% to $124.07, and Palo Alto Networks Inc. (PANW) rose 5.00% to $178.40. Trading volume (4.4 M) remained 1.1 million below its 50-day average volume of 5.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 1, 2022.
(END) Dow Jones Newswires
December 01, 2022 17:01 ET (22:01 GMT)
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