Cisco Systems Inc. Stock Falls Thursday, Underperforms Market
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Cisco Systems Inc. (CSCO) slumped 0.94% to $46.46 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.76% to 3,898.85 and Dow Jones Industrial Average falling 0.76% to 33,044.56. This was the stock's fifth consecutive day of losses. Cisco Systems Inc. closed $12.88 below its 52-week high ($59.34), which the company achieved on January 20th.
Despite its losses, the stock outperformed some of its competitors Thursday, as Microsoft Corp. (MSFT) fell 1.65% to $231.93, Amazon.com Inc. (AMZN) fell 1.86% to $93.68, and Broadcom Inc. (AVGO) fell 1.93% to $563.22.true Trading volume (19.1 M) eclipsed its 50-day average volume of 18.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 19, 2023.
(END) Dow Jones Newswires
January 19, 2023 16:47 ET (21:47 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.