Cisco Systems Inc. Stock Underperforms Thursday When Compared To Competitors Despite Daily Gains
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Shares of Cisco Systems Inc. (CSCO) rose 2.16% to $50.12 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.76% to 3,960.28 and the Dow Jones Industrial Average rising 1.17% to 32,246.55. This was the stock's third consecutive day of gains. Cisco Systems Inc. closed $6.82 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 Thursday, as Microsoft Corp. (MSFT) rose 4.05% to $276.20, Amazon.com Inc. (AMZN) rose 3.99% to $100.04, and Broadcom Inc. (AVGO) rose 1.67% to $636.50. Trading volume (20.4 M) eclipsed its 50-day average volume of 17.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 16, 2023.
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March 16, 2023 16:48 ET (20:48 GMT)
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