Cisco Systems Inc. Stock Falls Tuesday, Underperforms Market
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Shares of Cisco Systems Inc. (CSCO) slid 0.64% to $48.42 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.30% to 3,970.15 and Dow Jones Industrial Average falling 0.71% to 32,656.70. Cisco Systems Inc. closed $8.58 below its 52-week high ($57.00), which the company reached on March 3rd.
The stock underperformed when compared to some of its competitors Tuesday, as Microsoft Corp. (MSFT) fell 0.30% to $249.42, Amazon.com Inc. (AMZN) rose 0.50% to $94.23, and Broadcom Inc. (AVGO) rose 1.51% to $594.29. Trading volume (16.6 M) remained 2.0 million below its 50-day average volume of 18.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 28, 2023.
(END) Dow Jones Newswires
February 28, 2023 16:48 ET (21:48 GMT)
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