Cisco Systems Inc. Stock Outperforms Market Despite Losses On The Day
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Shares of Cisco Systems Inc. (CSCO) sank 0.17% to $48.34 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.02% to 32,661.84 and the S&P 500 Index falling 0.47% to 3,951.39. This was the stock's second consecutive day of losses. Cisco Systems Inc. closed $8.66 below its 52-week high ($57.00), which the company reached on March 3rd.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Microsoft Corp. (MSFT) fell 1.26% to $246.27, Amazon.com Inc. (AMZN) fell 2.19% to $92.17, and Broadcom Inc. (AVGO) fell 0.12% to $593.57. Trading volume (13.4 M) remained 5.1 million below its 50-day average volume of 18.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 1, 2023.
(END) Dow Jones Newswires
March 01, 2023 16:48 ET (21:48 GMT)
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