Shares of Cisco Systems Inc. CSCO, -2.45% shed 2.45% to $61.25 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, +0.59% rising 0.59% to 36,799.65 and the S&P 500 Index SPX, -0.06% falling 0.06% to 4,793.54. This was the stock’s fourth consecutive day of losses. Cisco Systems Inc. closed $3.04 below its 52-week high ($64.29), which the company achieved on December 29th.
The stock underperformed when compared to some of its competitors Tuesday, as Microsoft Corp. MSFT, -1.71% fell 1.71% to $329.01, International Business Machines Corp. IBM, +1.46% rose 1.46% to $138.02, and VMware Inc. VMW, +1.95% rose 1.95% to $120.50. Trading volume (29.4 M) eclipsed its 50-day average volume of 21.3 M.