Cisco Systems Inc. Stock Falls Thursday, Underperforms Market
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Shares of Cisco Systems Inc. (CSCO) slipped 0.20% to $49.21 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.53% to 4,012.32 and the Dow Jones Industrial Average rising 0.33% to 33,153.91. This was the stock's fourth consecutive day of losses. Cisco Systems Inc. closed $7.79 below its 52-week high ($57.00), which the company reached on March 3rd.
The stock underperformed when compared to some of its competitors Thursday, as Microsoft Corp. (MSFT) rose 1.30% to $254.77, Amazon.com Inc. (AMZN) rose 0.03% to $95.82, and Broadcom Inc. (AVGO) rose 1.32% to $583.80. Trading volume (13.1 M) remained 5.7 million below its 50-day average volume of 18.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 23, 2023.
(END) Dow Jones Newswires
February 23, 2023 16:47 ET (21:47 GMT)
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