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Shares of Cisco Systems Inc. (CSCO) shed 0.84% to $48.18 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the Dow Jones Industrial Average remaining mostly unchanged at 33,597.92 and the S&P 500 Index falling 0.19% to 3,933.92. This was the stock's fourth consecutive day of losses. Cisco Systems Inc. closed $16.11 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 Wednesday, as Microsoft Corp. (MSFT) fell 0.31% to $244.37, Amazon.com Inc. (AMZN) rose 0.24% to $88.46, and Broadcom Inc. (AVGO) fell 1.39% to $518.50. Trading volume (15.2 M) remained 4.5 million below its 50-day average volume of 19.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 7, 2022.
(END) Dow Jones Newswires
December 07, 2022 16:51 ET (21:51 GMT)
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