Shares of Fortinet Inc. /zigman2/quotes/205733290/composite FTNT -0.64% slipped 2.50% to $299.84 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +0.49% rising 0.15% to 4,486.23 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.18% rising 0.09% to 35,366.26. The stock's fall snapped a three-day winning streak. Fortinet Inc. closed $9.95 below its 52-week high ($309.79), which the company achieved on August 12th.
The stock underperformed when compared to some of its competitors Tuesday, as Cisco Systems Inc. /zigman2/quotes/209509471/composite CSCO +0.03% rose 1.33% to $59.32, HP Inc. /zigman2/quotes/203461582/composite HPQ +0.08% rose 1.19% to $28.90, and Palo Alto Networks Inc. /zigman2/quotes/207599953/composite PANW -0.87% rose 18.60% to $441.87. Trading volume (1.0 M) eclipsed its 50-day average volume of 932,889.