Cisco Systems Inc. Stock Underperforms Thursday When Compared To Competitors Despite Daily Gains
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Shares of Cisco Systems Inc. (CSCO) inched 0.55% higher to $49.73 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.30% to 3,948.72 and the Dow Jones Industrial Average rising 0.23% to 32,105.25. The stock's rise snapped a two-day losing streak. Cisco Systems Inc. closed $7.21 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 Thursday, as Microsoft Corp. (MSFT) rose 1.97% to $277.66, Amazon.com Inc. (AMZN) rose 0.01% to $98.71, and Broadcom Inc. (AVGO) rose 1.32% to $639.23. Trading volume (17.8 M) remained 1.0 million below its 50-day average volume of 18.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 23, 2023.
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March 23, 2023 16:48 ET (20:48 GMT)
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