DJ Arista Networks Inc. Stock Underperforms Tuesday When Compared To Competitors Despite Daily Gains
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Arista Networks Inc. $(ANET)$ rose 2.33% to $251.18 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.20% to 5,070.55 and the Dow Jones Industrial Average rising 0.69% to 38,503.69.
The stock's rise snapped a seven-day losing streak.
Arista Networks Inc. closed $56.56 short of 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 Tuesday, as Lantronix Inc. $(LTRX)$ rose 3.63% to $3.29, Silicom Ltd. $(SILC)$ rose 1.02% to $15.36, and HP Inc. $(HPQ)$ fell 0.11% to $27.67.
Trading volume (2.2 M) remained 602,327 below its 50-day average volume of 2.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 23, 2024.
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
April 23, 2024 16:46 ET (20:46 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Comments