Cisco Systems Inc. Stock Rises Wednesday, Outperforms Market
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Shares of Cisco Systems Inc. (CSCO) inched 0.36% higher to $47.98 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.03% to 33,743.84 and the S&P 500 Index falling 0.02% to 4,016.22. This was the stock's fourth consecutive day of gains. Cisco Systems Inc. closed $9.71 short of its 52-week high ($57.69), which the company achieved on February 18th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Microsoft Corp. (MSFT) fell 0.59% to $240.61, Amazon.com Inc. (AMZN) rose 0.89% to $97.18, and Broadcom Inc. (AVGO) rose 0.11% to $585.68. Trading volume (14.3 M) remained 4.3 million below its 50-day average volume of 18.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 25, 2023.
(END) Dow Jones Newswires
January 25, 2023 16:47 ET (21:47 GMT)
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