Cisco Systems Inc. Stock Underperforms Tuesday When Compared To Competitors
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Shares of Cisco Systems Inc. (CSCO) slipped 0.53% to $50.67 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.30% to 4,002.87 and the Dow Jones Industrial Average rising 0.98% to 32,560.60. The stock's fall snapped a five-day winning streak. Cisco Systems Inc. closed $6.27 short of its 52-week high ($56.94), which the company achieved on March 30th.
The stock underperformed when compared to some of its competitors Tuesday, as Microsoft Corp. (MSFT) rose 0.57% to $273.78, Amazon.com Inc. (AMZN) rose 2.97% to $100.61, and Broadcom Inc. (AVGO) fell 0.37% to $636.75. Trading volume (23.3 M) eclipsed its 50-day average volume of 18.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 21, 2023.
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March 21, 2023 16:47 ET (20:47 GMT)
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