Cisco Systems Inc. Stock Falls Friday, Underperforms Market
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Shares of Cisco Systems Inc. (CSCO) slipped 1.48% to $48.48 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.05% to 3,970.04 and Dow Jones Industrial Average falling 1.02% to 32,816.92. This was the stock's fifth consecutive day of losses. Cisco Systems Inc. closed $8.52 short of its 52-week high ($57.00), which the company achieved on March 3rd.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Microsoft Corp. (MSFT) fell 2.18% to $249.22, Amazon.com Inc. (AMZN) fell 2.42% to $93.50, and Broadcom Inc. (AVGO) fell 1.04% to $577.75. Trading volume (16.6 M) remained 2.1 million below its 50-day average volume of 18.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 24, 2023.
(END) Dow Jones Newswires
February 24, 2023 16:48 ET (21:48 GMT)
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