Cisco Systems Inc. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
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Shares of Cisco Systems Inc. (CSCO) inched 0.28% higher to $49.42 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.07% to 4,048.42 and the Dow Jones Industrial Average rising 0.12% to 33,431.44. This was the stock's third consecutive day of gains. Cisco Systems Inc. closed $7.52 below its 52-week high ($56.94), which the company achieved on March 30th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Microsoft Corp. (MSFT) rose 0.62% to $256.87, Amazon.com Inc. (AMZN) fell 1.21% to $93.75, and Broadcom Inc. (AVGO) rose 0.03% to $632.92. Trading volume (13.9 M) remained 3.6 million below its 50-day average volume of 17.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 6, 2023.
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March 06, 2023 16:47 ET (21:47 GMT)
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