Shares of Cisco Systems Inc. CSCO, -0.21% shed 0.21% to $48.57 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +1.05% rising 1.05% to 4,119.21 and the Dow Jones Industrial Average DJIA, +0.02% rising 0.02% to 34,092.96. Cisco Systems Inc. closed $9.12 short of its 52-week high ($57.69), which the company achieved on February 18th.
The stock underperformed when compared to some of its competitors Wednesday, as Microsoft Corp. MSFT, +1.99% rose 1.99% to $252.75, Amazon.com Inc. AMZN, +1.96% rose 1.96% to $105.15, and Broadcom Inc. AVGO, +3.03% rose 3.03% to $602.75. Trading volume (19.6 M) eclipsed its 50-day average volume of 17.7 M.