DJ NetApp Inc. Stock Underperforms Tuesday When Compared To Competitors Despite Daily Gains
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Shares of NetApp Inc. $(NTAP)$ rallied 1.29% to $123.67 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.88% to 6,049.24 and the Dow Jones Industrial Average rising 1.24% to 44,025.81.
This was the stock's fifth consecutive day of gains.
NetApp Inc. closed 8.69% short of its 52-week high of $135.45, which the company reached on November 22nd.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Cloudflare Inc. Cl A $(NET)$ rose 2.30% to $119.85, Arista Networks Inc. $(ANET)$ rose 1.29% to $121.50, and Western Digital Corp. $(WDC)$ rose 3.67% to $67.43.
Trading volume (1.3 M) remained 550,322 below its 50-day average volume of 1.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 21, 2025.
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(END) Dow Jones Newswires
January 21, 2025 17:03 ET (22:03 GMT)
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