DJ Fortinet Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Fortinet Inc. $(FTNT)$ rallied 1.06% to $94.05 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.21% to 5,937.34 and Dow Jones Industrial Average falling 0.16% to 43,153.13.
This was the stock's second consecutive day of gains.
Fortinet Inc. closed 6.88% 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 Thursday, as Cisco Systems Inc. $(CSCO)$ fell 0.27% to $59.82, CrowdStrike Holdings Inc. Cl A $(CRWD)$ rose 0.38% to $363.38, and Palo Alto Networks Inc. (PANW) rose 1.71% to $177.17.
Trading volume (2.9 M) remained 1.9 million below its 50-day average volume of 4.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 16, 2025.
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(END) Dow Jones Newswires
January 16, 2025 16:44 ET (21:44 GMT)
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