Shares of Cisco Systems Inc.
slipped 0.49% to $51.77 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
rising 0.15% to 4,079.95 and the Dow Jones Industrial Average
rising 0.05% to 33,446.26. This was the stock’s second consecutive day of losses. Cisco Systems Inc. closed $1.17 short of its 52-week high ($52.94), which the company reached on March 29th.
The stock underperformed when compared to some of its competitors Wednesday, as Microsoft Corp.
rose 0.82% to $249.90, International Business Machines Corp.
rose 0.53% to $134.93, and VMware Inc.
rose 1.89% to $153.57. Trading volume (15.8 M) remained 6.6 million below its 50-day average volume of 22.4 M.