Cisco Systems Inc. Stock Outperforms Market On Strong Trading Day
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Shares of Cisco Systems Inc. (CSCO) inched 0.54% higher to $48.58 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.08% to 3,892.09 and Dow Jones Industrial Average falling 0.34% to 33,517.65. This was the stock's second consecutive day of gains. Cisco Systems Inc. closed $14.24 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 Monday, as Microsoft Corp. (MSFT) rose 0.97% to $227.12, Amazon.com Inc. (AMZN) rose 1.49% to $87.36, and Broadcom Inc. (AVGO) fell 1.96% to $576.89. Trading volume (13.9 M) remained 5.0 million below its 50-day average volume of 19.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 9, 2023.
(END) Dow Jones Newswires
January 09, 2023 16:47 ET (21:47 GMT)
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