Cisco Stock – Cisco Systems Inc. stock falls Wednesday, underperforms market
Shares of Cisco Systems Inc.
CSCO,
slipped 2.60% to $47.24 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average
DJIA,
rising 0.20% to 31,437.80 and the S&P 500 Index
SPX,
falling 0.03% to 3,909.88. This was the stock’s second consecutive day of losses. Cisco Systems Inc. closed $3.04 below its 52-week high ($50.28), which the company achieved on February 12th.
The stock underperformed when compared to some of its competitors Wednesday, as Microsoft Corp.
(MSFT),
fell 0.39% to $242.82, International Business Machines Corp.
IBM,
rose 0.11% to $122.24, and VMware Inc.
VMW,
fell 0.78% to $146.51. Trading volume (44.4 M) eclipsed its 50-day average volume of 19.2 M.
Editor’s Note: This story was auto-generated by Automated Insights using data from Dow Jones and FactSet. See our market data terms of use.
Cisco Stock – Cisco Systems Inc. stock falls Wednesday, underperforms market
Tags: Cisco Stock
