Cisco Systems Inc. Stock Rises Wednesday, Still Underperforms Market
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Cisco Systems Inc. (CSCO) inched 0.61% higher to $47.66 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.49% to 3,878.44 and the Dow Jones Industrial Average rising 1.60% to 33,376.48. The stock's rise snapped a five-day losing streak. Cisco Systems Inc. closed $16.63 short of its 52-week high ($64.29), which the company reached on December 29th.
The stock underperformed when compared to some of its competitors Wednesday, as Microsoft Corp. (MSFT) rose 1.09% to $244.43, Amazon.com Inc. (AMZN) rose 1.85% to $86.77, and Broadcom Inc. (AVGO) rose 3.16% to $561.23. Trading volume (15.6 M) remained 4.6 million below its 50-day average volume of 20.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 21, 2022.
(END) Dow Jones Newswires
December 21, 2022 16:48 ET (21:48 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.