Cisco Systems Inc. Stock Outperforms Market On Strong Trading Day
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Shares of Cisco Systems Inc. (CSCO) inched 0.11% higher to $47.53 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.11% to 33,241.56 and the S&P 500 Index falling 0.40% to 3,829.25. This was the stock's second consecutive day of gains. Cisco Systems Inc. closed $16.76 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 0.74% to $236.96, Amazon.com Inc. (AMZN) fell 2.59% to $83.04, and Broadcom Inc. (AVGO) rose 0.20% to $553.54. Trading volume (12.1 M) remained 7.8 million below its 50-day average volume of 19.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 27, 2022.
(END) Dow Jones Newswires
December 27, 2022 16:47 ET (21:47 GMT)
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