Cisco Systems Inc. Stock Outperforms Market On Strong Trading Day
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Shares of Cisco Systems Inc. (CSCO) advanced 1.54% to $47.50 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.19% to 4,019.81 and the Dow Jones Industrial Average rising 0.76% to 33,629.56. This was the stock's second consecutive day of gains. Cisco Systems Inc. closed $10.19 short of its 52-week high ($57.69), which the company reached on February 18th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Microsoft Corp. (MSFT) rose 0.98% to $242.58, Amazon.com Inc. (AMZN) rose 0.28% to $97.52, and Broadcom Inc. (AVGO) rose 1.90% to $581.63. Trading volume (15.2 M) remained 3.5 million below its 50-day average volume of 18.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 23, 2023.
(END) Dow Jones Newswires
January 23, 2023 16:47 ET (21:47 GMT)
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