Cisco Systems Inc. Stock Rises Tuesday, Still Underperforms Market
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Shares of Cisco Systems Inc. (CSCO) inched 0.47% higher to $48.81 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.70% to 3,919.25 and the Dow Jones Industrial Average rising 0.56% to 33,704.10. This was the stock's third consecutive day of gains. Cisco Systems Inc. closed $14.01 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 Tuesday, as Microsoft Corp. (MSFT) rose 0.76% to $228.85, Amazon.com Inc. (AMZN) rose 2.87% to $89.87, and Broadcom Inc. (AVGO) fell 0.34% to $574.93. Trading volume (12.5 M) remained 6.4 million below its 50-day average volume of 18.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 10, 2023.
(END) Dow Jones Newswires
January 10, 2023 16:48 ET (21:48 GMT)
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