DJ Arista Networks Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Arista Networks Inc. $(ANET)$ dropped 0.30% to $305.50 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.31% to 5,218.19 and Dow Jones Industrial Average falling 0.41% to 39,313.64.
The stock's fall snapped a three-day winning streak.
Arista Networks Inc. closed $2.24 below its 52-week high ($307.74), which the company reached on March 22nd.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Lantronix Inc. $(LTRX)$ fell 4.23% to $3.40, Silicom Ltd. $(SILC)$ rose 0.26% to $15.64, and HP Inc. $(HPQ)$ fell 0.57% to $29.88.
Trading volume (2.0 M) remained 644,413 below its 50-day average volume of 2.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 25, 2024.
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(END) Dow Jones Newswires
March 25, 2024 16:44 ET (20:44 GMT)
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