Shares of Fortinet Inc. /zigman2/quotes/205733290/composite FTNT -1.01% shed 1.55% to $309.20 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +0.47% falling 0.13% to 4,514.07 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.18% falling 0.20% to 35,031.07. This was the stock's second consecutive day of losses. Fortinet Inc. closed $12.80 below 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 Wednesday, as Cisco Systems Inc. /zigman2/quotes/209509471/composite CSCO +0.05% fell 0.34% to $58.68, HP Inc. /zigman2/quotes/203461582/composite HPQ +0.53% fell 1.61% to $28.19, and Palo Alto Networks Inc. /zigman2/quotes/207599953/composite PANW -1.26% rose 0.67% to $465.73. Trading volume (1.1 M) eclipsed its 50-day average volume of 933,270.