Shares of Fortinet Inc. /zigman2/quotes/205733290/composite FTNT +1.64% sank 0.07% to $306.58 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +0.31% falling 0.24% to 4,350.65 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.10% falling 0.34% to 34,378.34. This was the stock's third consecutive day of losses. Fortinet Inc. closed $15.42 short of its 52-week high ($322.00), which the company achieved on September 7th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Cisco Systems Inc. /zigman2/quotes/209509471/composite CSCO -1.83% fell 1.18% to $54.28, HP Inc. /zigman2/quotes/203461582/composite HPQ -1.56% fell 4.08% to $26.55, and Palo Alto Networks Inc. /zigman2/quotes/207599953/composite PANW +1.38% rose 1.09% to $505.24. Trading volume (501,117) remained 420,494 below its 50-day average volume of 921,611.