DJ Fortinet Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Fortinet Inc. $(FTNT)$ advanced 1.07% to $98.24 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.61% to 6,086.37 and the Dow Jones Industrial Average rising 0.30% to 44,156.73.
This was the stock's fifth consecutive day of gains.
Fortinet Inc. closed 2.73% short of its 52-week high of $101.00, which the company achieved on January 6th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Cisco Systems Inc. $(CSCO)$ rose 0.98% to $61.63, CrowdStrike Holdings Inc. Cl A $(CRWD)$ rose 3.16% to $377.98, and Palo Alto Networks Inc. (PANW) rose 2.28% to $187.70.
Trading volume (3.5 M) remained 1.3 million below its 50-day average volume of 4.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 22, 2025.
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(END) Dow Jones Newswires
January 22, 2025 16:44 ET (21:44 GMT)
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