DJ Fortinet Inc. Stock Underperforms Monday When Compared To Competitors
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Shares of Fortinet Inc. $(FTNT)$ slipped 1.21% to $108.69 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.08% to 43,461.21 and the S&P 500 Index falling 0.50% to 5,983.25.
This was the stock's third consecutive day of losses.
Fortinet Inc. closed 5.34% short of its 52-week high of $114.82, which the company achieved on February 18th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Cisco Systems Inc. $(CSCO)$ fell 1.16% to $63.24, CrowdStrike Holdings Inc. Cl A $(CRWD)$ fell 3.68% to $391.72, and Palo Alto Networks Inc. (PANW) fell 0.34% to $190.39.
Trading volume (5.4 M) eclipsed its 50-day average volume of 4.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 24, 2025.
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(END) Dow Jones Newswires
February 24, 2025 16:41 ET (21:41 GMT)
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