Cisco Systems Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Cisco Systems Inc. (CSCO) inched 0.52% higher to $48.73 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.31% to 3,982.24 and the Dow Jones Industrial Average rising 0.22% to 32,889.09. The stock's rise snapped a five-day losing streak. Cisco Systems Inc. closed $8.27 below 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 Monday, as Microsoft Corp. (MSFT) rose 0.38% to $250.16, Amazon.com Inc. (AMZN) rose 0.28% to $93.76, and Broadcom Inc. (AVGO) rose 1.33% to $585.45. Trading volume (14.8 M) remained 4.0 million below its 50-day average volume of 18.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 27, 2023.
(END) Dow Jones Newswires
February 27, 2023 16:47 ET (21:47 GMT)
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