Cisco Systems Inc. Stock Outperforms Market Despite Losses On The Day
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Shares of Cisco Systems Inc. (CSCO) sank 0.51% to $48.56 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.45% to 3,861.59 and Dow Jones Industrial Average falling 1.07% to 31,909.64. This was the stock's second consecutive day of losses. Cisco Systems Inc. closed $8.38 short of its 52-week high ($56.94), which the company achieved on March 30th.
Despite its losses, the stock outperformed some of its competitors Friday, as Microsoft Corp. (MSFT) fell 1.48% to $248.59, Amazon.com Inc. (AMZN) fell 1.65% to $90.73, and Broadcom Inc. (AVGO) fell 1.24% to $614.83.true Trading volume (16.3 M) remained 985,841 below its 50-day average volume of 17.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 10, 2023.
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March 10, 2023 16:48 ET (21:48 GMT)
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