DJ Fortinet Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Fortinet Inc. $(FTNT)$ rose 3.16% to $99.83 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.92% to 6,067.70 and the Dow Jones Industrial Average rising 0.31% to 44,850.35.
The stock's rise snapped a three-day losing streak.
Fortinet Inc. closed 1.16% 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 Tuesday, as Cisco Systems Inc. $(CSCO)$ rose 0.59% to $59.43, CrowdStrike Holdings Inc. Cl A $(CRWD)$ rose 9.35% to $408.68, and Palo Alto Networks Inc. (PANW) rose 1.92% to $192.94.
Trading volume (4.4 M) remained 86,399 below its 50-day average volume of 4.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 28, 2025.
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(END) Dow Jones Newswires
January 28, 2025 16:45 ET (21:45 GMT)
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