Cisco Systems Inc. Stock Rises Friday, Outperforms Market
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Shares of Cisco Systems Inc. (CSCO) inched 0.14% higher to $50.19 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.10% to 3,916.64 and Dow Jones Industrial Average falling 1.19% to 31,861.98. This was the stock's fourth consecutive day of gains. Cisco Systems Inc. closed $6.75 short of its 52-week high ($56.94), which the company reached on March 30th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Microsoft Corp. (MSFT) rose 1.17% to $279.43, Amazon.com Inc. (AMZN) fell 1.09% to $98.95, and Broadcom Inc. (AVGO) fell 0.87% to $630.97. Trading volume (47.5 M) eclipsed its 50-day average volume of 17.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 17, 2023.
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March 17, 2023 16:47 ET (20:47 GMT)
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