Shares of Fortinet Inc. FTNT, -0.09% slid 0.09% to $58.63 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index SPX, +0.01% rising 0.01% to 4,288.39 and the Dow Jones Industrial Average DJIA, -0.22% falling 0.22% to 33,433.35.
The stock’s fall snapped a three-day winning streak.
Fortinet Inc. closed $22.61 short of its 52-week high ($81.24), which the company achieved on July 19th.
The stock underperformed when compared to some of its competitors Monday, as Cisco Systems Inc. CSCO, +1.17% rose 1.17% to $54.39, CrowdStrike Holdings Inc. Cl A CRWD, +1.29% rose 1.29% to $169.54, and Palo Alto Networks Inc. PANW, +0.99% rose 0.99% to $236.77.
Trading volume (4.0 M) remained 2.2 million below its 50-day average volume of 6.3 M.