Cisco Systems Inc. Stock Falls Monday, Still Outperforms Market
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Shares of Cisco Systems Inc. (CSCO) slumped 0.74% to $49.33 Monday, on what proved to be an all-around poor 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. Cisco Systems Inc. closed $14.96 short of its 52-week high ($64.29), which the company reached on December 29th.
Despite its losses, the stock outperformed some of its competitors Monday, as Microsoft Corp. (MSFT) fell 1.89% to $250.20, Amazon.com Inc. (AMZN) fell 3.31% to $91.01, and Broadcom Inc. (AVGO) fell 1.88% to $530.64.true Trading volume (13.7 M) remained 6.2 million below its 50-day average volume of 19.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 5, 2022.
(END) Dow Jones Newswires
December 05, 2022 16:51 ET (21:51 GMT)
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