DJ Arista Networks Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Arista Networks Inc. $(ANET)$ slipped 4.32% to $108.07 Wednesday, on what proved to be an all-around rough 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.
Arista Networks Inc. closed $8.87 below its 52-week high ($116.94), which the company reached on December 16th.
The stock underperformed when compared to some of its competitors Wednesday, as Lantronix Inc. $(LTRX)$ fell 3.21% to $3.62, Silicom Ltd. $(SILC)$ fell 1.32% to $14.92, and HP Inc. $(HPQ)$ fell 3.99% to $32.49.
Trading volume (6.3 M) remained 1.8 million below its 50-day average volume of 8.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 18, 2024.
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(END) Dow Jones Newswires
December 18, 2024 16:39 ET (21:39 GMT)
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