Cisco Systems Inc. Stock Rises Thursday, Still Underperforms Market
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Shares of Cisco Systems Inc. (CSCO) inched 0.75% higher to $48.34 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.10% to 4,060.43 and the Dow Jones Industrial Average rising 0.61% to 33,949.41. This was the stock's fifth consecutive day of gains. Cisco Systems Inc. closed $9.35 short of its 52-week high ($57.69), which the company reached on February 18th.
The stock underperformed when compared to some of its competitors Thursday, as Microsoft Corp. (MSFT) rose 3.07% to $248.00, Amazon.com Inc. (AMZN) rose 2.10% to $99.22, and Broadcom Inc. (AVGO) rose 2.20% to $598.58. Trading volume (12.9 M) remained 5.4 million below its 50-day average volume of 18.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 26, 2023.
(END) Dow Jones Newswires
January 26, 2023 16:48 ET (21:48 GMT)
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