NetApp Inc. Stock Falls 8.8%, Underperforms Market

Dow Jones
10/31

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of NetApp Inc. slid 8.8% to $199.18 on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.8% to 7,580.07 and Dow Jones Industrial Average falling 1.1% to 51,770.31.

This was the stock's third consecutive day of losses.

NetApp Inc. closed 17.3% short of its 52-week high of $240.87, which the company reached on October 13th.

The stock demonstrated a mixed performance when compared to some of its peers, as Cloudflare Inc. Cl A fell 9.5% to $280.70, Arista Networks Inc. fell 8.3% to $168.86, and Western Digital Corp. fell 7.41% to $366.11.

Trading volume totaled 2.6 million, compared to the 50-day average of 2.4 million.

Data source: Dow Jones Market Data, FactSet

 

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