Cisco Systems Inc. Stock Underperforms Friday When Compared To Competitors
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Shares of Cisco Systems Inc. (CSCO) shed 0.54% to $49.70 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.10% to 34,429.88 and the S&P 500 Index falling 0.12% to 4,071.70. The stock's fall snapped a three-day winning streak. Cisco Systems Inc. closed $14.59 short of its 52-week high ($64.29), which the company achieved on December 29th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Microsoft Corp. (MSFT) rose 0.13% to $255.02, Amazon.com Inc. (AMZN) fell 1.43% to $94.13, and Broadcom Inc. (AVGO) fell 1.81% to $540.80. Trading volume (12.3 M) remained 7.7 million below its 50-day average volume of 20.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 2, 2022.
(END) Dow Jones Newswires
December 02, 2022 16:51 ET (21:51 GMT)
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