Cisco Systems Inc. Stock Rises Friday, Outperforms Market
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Shares of Cisco Systems Inc. (CSCO) rose 3.07% to $48.32 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 2.28% to 3,895.08 and the Dow Jones Industrial Average rising 2.13% to 33,630.61. The stock's rise snapped a two-day losing streak. Cisco Systems Inc. closed $14.50 short of its 52-week high ($62.82), which the company reached on January 12th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Microsoft Corp. (MSFT) rose 1.18% to $224.93, Amazon.com Inc. (AMZN) rose 3.56% to $86.08, and Broadcom Inc. (AVGO) rose 6.02% to $588.43. Trading volume (19.4 M) eclipsed its 50-day average volume of 18.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 6, 2023.
(END) Dow Jones Newswires
January 06, 2023 16:48 ET (21:48 GMT)
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