DJ Fortinet Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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Shares of Fortinet Inc. $(FTNT)$ rallied 1.30% to $98.17 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.08% to 5,675.29 and the Dow Jones Industrial Average rising 0.92% to 41,964.63.
This was the stock's fourth consecutive day of gains.
Fortinet Inc. closed 14.50% below its 52-week high of $114.82, which the company reached on February 18th.
The stock underperformed when compared to some of its competitors Wednesday, as Cisco Systems Inc. $(CSCO)$ rose 1.36% to $61.12, CrowdStrike Holdings Inc. Cl A $(CRWD)$ rose 3.28% to $375.05, and Palo Alto Networks Inc. (PANW) rose 2.42% to $187.54.
Trading volume (4.3 M) remained 423,583 below its 50-day average volume of 4.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 19, 2025.
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(END) Dow Jones Newswires
March 19, 2025 16:42 ET (20:42 GMT)
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