Shares of Fortinet Inc. /zigman2/quotes/205733290/composite FTNT -5.36% shed 4.56% to $333.16 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -1.89% falling 0.82% to 4,646.71 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.30% falling 0.66% to 36,079.94. This was the stock's second consecutive day of losses. Fortinet Inc. closed $22.19 short of its 52-week high ($355.35), which the company achieved on November 8th.
The stock underperformed when compared to some of its competitors Wednesday, as Cisco Systems Inc. /zigman2/quotes/209509471/composite CSCO -2.41% rose 0.57% to $57.77 and HP Inc. /zigman2/quotes/203461582/composite HPQ -3.46% fell 0.79% to $31.52. Trading volume (1.2 M) eclipsed its 50-day average volume of 911,345.