Shares of Cisco Systems Inc. CSCO, -0.74% shed 0.74% to $48.29 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -0.13% falling 0.13% to 3,930.08 and Dow Jones Industrial Average DJIA, -0.33% falling 0.33% to 31,730.30. This was the stock’s second consecutive day of losses. Cisco Systems Inc. closed $16.00 below its 52-week high ($64.29), which the company achieved on December 29th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Microsoft Corp. MSFT, -2.00% fell 2.00% to $255.35, International Business Machines Corp. IBM, +1.64% rose 1.64% to $132.90, and VMware Inc. VMW, +1.48% rose 1.48% to $99.61. Trading volume (25.8 M) eclipsed its 50-day average volume of 20.9 M.