Cisco Systems Inc. Stock Rises Friday, Still Underperforms Market
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Shares of Cisco Systems Inc. (CSCO) inched 0.69% higher to $46.78 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.89% to 3,972.61 and the Dow Jones Industrial Average rising 1.00% to 33,375.49. The stock's rise snapped a five-day losing streak. Cisco Systems Inc. closed $11.56 below its 52-week high ($58.34), which the company reached on January 21st.
The stock underperformed when compared to some of its competitors Friday, as Microsoft Corp. (MSFT) rose 3.57% to $240.22, Amazon.com Inc. (AMZN) rose 3.81% to $97.25, and Broadcom Inc. (AVGO) rose 1.34% to $570.78. Trading volume (21.8 M) eclipsed its 50-day average volume of 18.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 20, 2023.
(END) Dow Jones Newswires
January 20, 2023 16:48 ET (21:48 GMT)
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