Cisco Systems Inc. Stock Underperforms Tuesday When Compared To Competitors
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Shares of Cisco Systems Inc. (CSCO) slipped 1.64% to $48.08 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.20% to 3,990.97 and Dow Jones Industrial Average falling 1.14% to 33,910.85. This was the stock's third consecutive day of losses. Cisco Systems Inc. closed $12.14 short of its 52-week high ($60.22), which the company achieved on January 18th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Microsoft Corp. (MSFT) rose 0.47% to $240.35, Amazon.com Inc. (AMZN) fell 2.11% to $96.05, and Broadcom Inc. (AVGO) rose 0.04% to $579.24. Trading volume (19.3 M) eclipsed its 50-day average volume of 18.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 17, 2023.
(END) Dow Jones Newswires
January 17, 2023 16:48 ET (21:48 GMT)
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