Cisco Systems Inc. Stock Rises Friday, Still Underperforms Market
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Shares of Cisco Systems Inc. (CSCO) rose 1.55% to $49.28 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.61% to 4,045.64 and the Dow Jones Industrial Average rising 1.17% to 33,390.97. This was the stock's second consecutive day of gains. Cisco Systems Inc. closed $7.66 short of its 52-week high ($56.94), which the company reached on March 30th.
The stock underperformed when compared to some of its competitors Friday, as Microsoft Corp. (MSFT) rose 1.66% to $255.29, Amazon.com Inc. (AMZN) rose 3.01% to $94.90, and Broadcom Inc. (AVGO) rose 5.70% to $632.76. Trading volume (16.0 M) remained 1.5 million below its 50-day average volume of 17.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 3, 2023.
(END) Dow Jones Newswires
March 03, 2023 16:48 ET (21:48 GMT)
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