DJ Fortinet Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Fortinet Inc. $(FTNT)$ rose 3.03% to $96.25 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 2.13% to 5,638.94 and the Dow Jones Industrial Average rising 1.65% to 41,488.19.
The stock's rise snapped a two-day losing streak.
Fortinet Inc. closed 16.17% short of its 52-week high of $114.82, which the company achieved on February 18th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Cisco Systems Inc. $(CSCO)$ rose 1.39% to $60.50, CrowdStrike Holdings Inc. Cl A $(CRWD)$ rose 6.38% to $353.74, and Palo Alto Networks Inc. (PANW) rose 3.41% to $182.34.
Trading volume (3.9 M) remained 786,602 below its 50-day average volume of 4.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 14, 2025.
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(END) Dow Jones Newswires
March 14, 2025 16:41 ET (20:41 GMT)
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