Cisco Systems Inc. Stock Outperforms Market Despite Losses On The Day
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Shares of Cisco Systems Inc. (CSCO) slipped 0.61% to $48.81 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.85% to 3,918.32 and Dow Jones Industrial Average falling 1.66% to 32,254.86. Cisco Systems Inc. closed $8.13 below 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 Thursday, as Microsoft Corp. (MSFT) fell 0.54% to $252.32, Amazon.com Inc. (AMZN) fell 1.78% to $92.25, and Broadcom Inc. (AVGO) fell 1.54% to $622.52. Trading volume (12.4 M) remained 4.8 million below its 50-day average volume of 17.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 9, 2023.
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March 09, 2023 16:47 ET (21:47 GMT)
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