Cisco Systems Inc. Stock Rises Wednesday, Still Underperforms Market
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Shares of Cisco Systems Inc. (CSCO) inched 0.82% higher to $49.21 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.28% to 3,969.61 and the Dow Jones Industrial Average rising 0.80% to 33,973.01. This was the stock's fourth consecutive day of gains. Cisco Systems Inc. closed $13.61 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) rose 3.02% to $235.77, Amazon.com Inc. (AMZN) rose 5.81% to $95.09, and Broadcom Inc. (AVGO) rose 0.56% to $578.14. Trading volume (12.5 M) remained 6.2 million below its 50-day average volume of 18.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 11, 2023.
(END) Dow Jones Newswires
January 11, 2023 16:48 ET (21:48 GMT)
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