Cisco Systems Inc. Stock Rises Wednesday, Outperforms Market
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Shares of Cisco Systems Inc. (CSCO) inched 0.02% higher to $49.06 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.70% to 3,891.93 and Dow Jones Industrial Average falling 0.87% to 31,874.57. This was the stock's second consecutive day of gains. Cisco Systems Inc. closed $7.88 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) rose 1.78% to $265.44, Amazon.com Inc. (AMZN) rose 1.39% to $96.20, and Broadcom Inc. (AVGO) fell 1.02% to $626.04. Trading volume (17.0 M) remained 697,170 below its 50-day average volume of 17.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 15, 2023.
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March 15, 2023 16:48 ET (20:48 GMT)
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