Cisco Systems Inc. Stock Rises Tuesday, Still Underperforms Market
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Shares of Cisco Systems Inc. (CSCO) rallied 1.32% to $49.05 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.68% to 3,920.56 and the Dow Jones Industrial Average rising 1.06% to 32,155.40. The stock's rise snapped a three-day losing streak. Cisco Systems Inc. closed $7.89 below its 52-week high ($56.94), which the company reached on March 30th.
The stock underperformed when compared to some of its competitors Tuesday, as Microsoft Corp. (MSFT) rose 2.71% to $260.79, Amazon.com Inc. (AMZN) rose 2.65% to $94.88, and Broadcom Inc. (AVGO) rose 2.59% to $632.46. Trading volume (17.4 M) remained 240,800 below its 50-day average volume of 17.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 14, 2023.
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March 14, 2023 20:35 ET (00:35 GMT)
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