Cisco Systems Inc. Stock Outperforms Market On Strong Trading Day
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Shares of Cisco Systems Inc. (CSCO) rallied 1.57% to $50.51 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.56% to 3,970.99 and the Dow Jones Industrial Average rising 0.41% to 32,237.53. This was the stock's second consecutive day of gains. Cisco Systems Inc. closed $6.43 below its 52-week high ($56.94), which the company achieved on March 30th.
The stock outperformed some of its competitors Friday, as Microsoft Corp. (MSFT) rose 1.05% to $280.57, Amazon.com Inc. (AMZN) fell 0.59% to $98.13, and Broadcom Inc. (AVGO) fell 0.48% to $636.17. Trading volume (19.3 M) eclipsed its 50-day average volume of 18.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 24, 2023.
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March 24, 2023 16:47 ET (20:47 GMT)
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