Cisco Systems Inc. Stock Rises Monday, Still Underperforms Market
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Shares of Cisco Systems Inc. (CSCO) inched 0.06% higher to $50.54 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.16% to 3,977.53 and the Dow Jones Industrial Average rising 0.60% to 32,432.08. This was the stock's third consecutive day of gains. Cisco Systems Inc. closed $6.40 short of its 52-week high ($56.94), which the company achieved on March 30th.
The stock outperformed some of its competitors Monday, as Microsoft Corp. (MSFT) fell 1.49% to $276.38, Amazon.com Inc. (AMZN) fell 0.09% to $98.04, and Broadcom Inc. (AVGO) fell 1.47% to $626.84. Trading volume (15.1 M) remained 4.0 million below its 50-day average volume of 19.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 27, 2023.
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March 27, 2023 16:47 ET (20:47 GMT)
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