Cisco Systems Inc. Stock Underperforms Monday When Compared To Competitors
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Shares of Cisco Systems Inc. (CSCO) shed 0.31% to $48.41 Monday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.15% to 3,855.76 and Dow Jones Industrial Average falling 0.28% to 31,819.14. This was the stock's third consecutive day of losses. Cisco Systems Inc. closed $8.53 below its 52-week high ($56.94), which the company achieved on March 30th.
The stock underperformed when compared to some of its competitors Monday, as Microsoft Corp. (MSFT) rose 2.14% to $253.92, Amazon.com Inc. (AMZN) rose 1.87% to $92.43, and Broadcom Inc. (AVGO) rose 0.27% to $616.47. Trading volume (20.3 M) eclipsed its 50-day average volume of 17.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 13, 2023.
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March 13, 2023 16:48 ET (20:48 GMT)
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