Cisco Systems Inc. Stock Outperforms Market On Strong Trading Day
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Shares of Cisco Systems Inc. (CSCO) inched 0.63% higher to $47.94 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.40% to 3,824.14 and Dow Jones Industrial Average falling 0.03% to 33,136.37. This was the stock's third consecutive day of gains. Cisco Systems Inc. closed $14.88 below its 52-week high ($62.82), which the company achieved on January 12th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Microsoft Corp. (MSFT) fell 0.10% to $239.58, Amazon.com Inc. (AMZN) rose 2.17% to $85.82, and Broadcom Inc. (AVGO) fell 1.01% to $553.48. Trading volume (17.6 M) remained 1.4 million below its 50-day average volume of 19.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 3, 2023.
(END) Dow Jones Newswires
January 03, 2023 16:47 ET (21:47 GMT)
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