Cisco Systems Inc. Stock Outperforms Market On Strong Trading Day
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Shares of Cisco Systems Inc. (CSCO) inched 0.41% higher to $49.11 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.14% to 3,992.01 and the Dow Jones Industrial Average falling 0.18% to 32,798.40. Cisco Systems Inc. closed $7.83 short of 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 Wednesday, as Microsoft Corp. (MSFT) fell 0.18% to $253.70, Amazon.com Inc. (AMZN) rose 0.40% to $93.92, and Broadcom Inc. (AVGO) rose 1.14% to $632.26. Trading volume (12.0 M) remained 5.5 million below its 50-day average volume of 17.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 8, 2023.
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March 08, 2023 16:47 ET (21:47 GMT)
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