Published on 1 Feb 2023 on Market Watch
Fortinet Inc. stock outperforms competitors on strong trading day
Shares of Fortinet Inc. advanced 1.43% to $53.09 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.05% to 4,119.21 and the Dow Jones Industrial Average rising 0.02% to 34,092.96. This was the stock's second consecutive day of gains. Fortinet Inc. closed $18.43 short of its 52-week high ($71.52), which the company achieved on April 21st.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Cisco Systems Inc. fell 0.21% to $48.57, CrowdStrike Holdings Inc. Cl A rose 4.34% to $110.50, and Palo Alto Networks Inc. rose 0.68% to $159.72. Trading volume (9.2 M) eclipsed its 50-day average volume of 4.9 M.