DJ Fortinet Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Fortinet Inc. $(FTNT)$ slid 4.36% to $93.36 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 2.95% to 5,872.16 and Dow Jones Industrial Average falling 2.58% to 42,326.87.
This was the stock's second consecutive day of losses.
Fortinet Inc. closed $7.23 short of its 52-week high ($100.59), which the company achieved on November 13th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Cisco Systems Inc. $(CSCO)$ fell 1.69% to $57.53, CrowdStrike Holdings Inc. Cl A $(CRWD)$ fell 7.24% to $349.18, and Palo Alto Networks Inc. (PANW) fell 6.20% to $188.76.
Trading volume (5.5 M) eclipsed its 50-day average volume of 4.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 18, 2024.
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(END) Dow Jones Newswires
December 18, 2024 16:46 ET (21:46 GMT)
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