Cisco Systems Inc. Stock Rises Friday, Still Underperforms Market
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Shares of Cisco Systems Inc. (CSCO) inched 0.34% higher to $47.48 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.59% to 3,844.82 and the Dow Jones Industrial Average rising 0.53% to 33,203.93. Cisco Systems Inc. closed $16.81 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 Friday, as Microsoft Corp. (MSFT) rose 0.23% to $238.73, Amazon.com Inc. (AMZN) rose 1.74% to $85.25, and Broadcom Inc. (AVGO) fell 0.12% to $552.43. Trading volume (9.6 M) remained 10.6 million below its 50-day average volume of 20.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 23, 2022.
(END) Dow Jones Newswires
December 23, 2022 16:47 ET (21:47 GMT)
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