Cisco Systems Inc. Stock Falls Tuesday, Underperforms Market
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Shares of Cisco Systems Inc. (CSCO) slumped 0.06% to $47.37 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.10% to 3,821.62 and the Dow Jones Industrial Average rising 0.28% to 32,849.74. This was the stock's fifth consecutive day of losses. Cisco Systems Inc. closed $16.92 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) rose 0.56% to $241.80, Amazon.com Inc. (AMZN) rose 0.32% to $85.19, and Broadcom Inc. (AVGO) fell 1.02% to $544.02. Trading volume (14.8 M) remained 5.4 million below its 50-day average volume of 20.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 20, 2022.
(END) Dow Jones Newswires
December 20, 2022 16:47 ET (21:47 GMT)
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