Cisco Systems Inc. Stock Falls Tuesday, Still Outperforms Market
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Shares of Cisco Systems Inc. (CSCO) slid 1.03% to $48.91 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.53% to 3,986.37 and Dow Jones Industrial Average falling 1.72% to 32,856.46. The stock's fall snapped a three-day winning streak. Cisco Systems Inc. closed $8.03 short of its 52-week high ($56.94), which the company reached on March 30th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Microsoft Corp. (MSFT) fell 1.06% to $254.15, Amazon.com Inc. (AMZN) fell 0.21% to $93.55, and Broadcom Inc. (AVGO) fell 1.23% to $625.15. Trading volume (16.6 M) remained 827,504 below its 50-day average volume of 17.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 7, 2023.
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March 07, 2023 16:48 ET (21:48 GMT)
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