Cisco Systems Inc. Stock Slips 6.2%, Underperforms Peers

Dow Jones11-14 05:33

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Cisco Systems Inc. slid 6.2% to $95.64 on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.1% to 52,347.55 and the S&P 500 Index falling 0.4% to 7,561.67.

The stock's fall snapped a two-day winning streak.

Cisco Systems Inc. closed 26.6% below its 52-week high of $130.37, which the company achieved on June 4th.

The stock underperformed when compared to some of its peers, as Microsoft Corp. rose 0.2% to $523.88, Amazon.com Inc. fell 0.3% to $266.66, and Broadcom Inc. fell 4.76% to $347.01.

Trading volume totaled 28.4 million, compared to the 50-day average of 18.3 million.

Data source: Dow Jones Market Data, FactSet

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