Cisco Systems Inc. Stock Rises Thursday, Still Underperforms Market
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Shares of Cisco Systems Inc. (CSCO) inched 0.39% higher to $48.53 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.76% to 3,981.35 and the Dow Jones Industrial Average rising 1.05% to 33,003.57. The stock's rise snapped a two-day losing streak. Cisco Systems Inc. closed $8.47 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 Thursday, as Microsoft Corp. (MSFT) rose 1.97% to $251.11, Amazon.com Inc. (AMZN) fell 0.04% to $92.13, and Broadcom Inc. (AVGO) rose 0.86% to $598.65. Trading volume (18.3 M) remained 192,506 below its 50-day average volume of 18.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 2, 2023.
(END) Dow Jones Newswires
March 02, 2023 16:47 ET (21:47 GMT)
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