DJ Cisco Systems Inc. Stock Underperforms Thursday When Compared To Competitors
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Shares of Cisco Systems Inc. $(CSCO)$ slid 6.68% to $57.31 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 4.84% to 5,396.52 and Dow Jones Industrial Average falling 3.98% to 40,545.93.
The stock's fall snapped a three-day winning streak.
Cisco Systems Inc. closed 13.82% below its 52-week high of $66.50, which the company achieved on February 13th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Microsoft Corp. $(MSFT)$ fell 2.36% to $373.11, Amazon.com Inc. $(AMZN)$ fell 8.98% to $178.41, and Broadcom Inc. $(AVGO)$ fell 10.51% to $154.01.
Trading volume (39.8 M) eclipsed its 50-day average volume of 21.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 3, 2025.
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(END) Dow Jones Newswires
April 03, 2025 16:31 ET (20:31 GMT)
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