Cisco Systems Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Cisco Systems Inc. (CSCO) dropped 0.02% to $47.55 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.75% to 3,852.97 and the Dow Jones Industrial Average rising 0.40% to 33,269.77. The stock's fall snapped a three-day winning streak. Cisco Systems Inc. closed $15.27 short of 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 Wednesday, as Microsoft Corp. (MSFT) fell 4.37% to $229.10, Amazon.com Inc. (AMZN) fell 0.79% to $85.14, and Broadcom Inc. (AVGO) rose 1.22% to $560.24. Trading volume (17.0 M) remained 2.1 million below its 50-day average volume of 19.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 4, 2023.
(END) Dow Jones Newswires
January 04, 2023 16:48 ET (21:48 GMT)
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