DJ Fortinet Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Fortinet Inc. $(FTNT)$ rallied 1.60% to $94.85 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.04% to 42,342.24 and the S&P 500 Index falling 0.09% to 5,867.08.
The stock's rise snapped a two-day losing streak.
Fortinet Inc. closed $5.74 short of its 52-week high ($100.59), which the company reached on November 13th.
The stock outperformed some of its competitors Thursday, as Cisco Systems Inc. $(CSCO)$ rose 0.17% to $57.63, CrowdStrike Holdings Inc. Cl A $(CRWD)$ rose 0.53% to $351.03, and Palo Alto Networks Inc. (PANW) rose 0.32% to $189.36.
Trading volume (4.5 M) remained 130,529 below its 50-day average volume of 4.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 19, 2024.
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(END) Dow Jones Newswires
December 19, 2024 16:47 ET (21:47 GMT)
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