Cisco Systems Inc. Stock Underperforms Thursday When Compared To Competitors
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Shares of Cisco Systems Inc. (CSCO) dropped 0.43% to $49.00 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.34% to 3,983.17 and the Dow Jones Industrial Average rising 0.64% to 34,189.97. The stock's fall snapped a four-day winning streak. Cisco Systems Inc. closed $13.15 short of its 52-week high ($62.15), which the company achieved on January 13th.
The stock underperformed when compared to some of its competitors Thursday, as Microsoft Corp. (MSFT) rose 1.16% to $238.51, Amazon.com Inc. (AMZN) rose 0.19% to $95.27, and Broadcom Inc. (AVGO) rose 0.66% to $581.94. Trading volume (14.2 M) remained 4.4 million below its 50-day average volume of 18.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 12, 2023.
(END) Dow Jones Newswires
January 12, 2023 16:47 ET (21:47 GMT)
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