Arista Networks Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Arista Networks Inc. (ANET) shed 1.64% to $132.83 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.79% to 3,998.84 and Dow Jones Industrial Average falling 1.40% to 33,947.10. This was the stock's second consecutive day of losses. Arista Networks Inc. closed $15.74 short of its 52-week high ($148.57), which the company reached on December 27th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Lantronix Inc. (LTRX) fell 2.75% to $4.95, Silicom Ltd. (SILC) fell 0.50% to $45.96, and HP Inc. (HPQ) fell 1.45% to $29.21. Trading volume (1.3 M) remained 1.0 million below its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 5, 2022.
(END) Dow Jones Newswires
December 05, 2022 16:38 ET (21:38 GMT)
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