Published on 26 Jan 2023 on Market Watch
Fortinet Inc. stock outperforms competitors on strong trading day
Shares of Fortinet Inc. advanced 2.80% to $53.21 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.10% to 4,060.43 and the Dow Jones Industrial Average rising 0.61% to 33,949.41. This was the stock's sixth consecutive day of gains. Fortinet Inc. closed $18.31 below 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 Thursday, as Cisco Systems Inc. rose 0.75% to $48.34, CrowdStrike Holdings Inc. Cl A rose 3.62% to $104.47, and Palo Alto Networks Inc. rose 4.83% to $159.11. Trading volume (6.4 M) eclipsed its 50-day average volume of 4.9 M.