Cisco Systems Inc. Stock Falls Tuesday, Underperforms Market
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Shares of Cisco Systems Inc. (CSCO) slid 1.50% to $48.59 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.44% to 3,941.26 and Dow Jones Industrial Average falling 1.03% to 33,596.34. This was the stock's third consecutive day of losses. Cisco Systems Inc. closed $15.70 short of its 52-week high ($64.29), which the company reached on December 29th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Microsoft Corp. (MSFT) fell 2.03% to $245.12, Amazon.com Inc. (AMZN) fell 3.03% to $88.25, and Broadcom Inc. (AVGO) fell 0.91% to $525.82. Trading volume (15.4 M) remained 4.4 million below its 50-day average volume of 19.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 6, 2022.
(END) Dow Jones Newswires
December 06, 2022 16:51 ET (21:51 GMT)
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