Shares of Fortinet Inc. /zigman2/quotes/205733290/composite FTNT +0.28% shed 2.12% to $308.47 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -0.11% rising 0.03% to 4,524.09 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.21% falling 0.14% to 35,312.53. This was the stock's second consecutive day of losses. Fortinet Inc. closed $13.43 short of its 52-week high ($321.90), which the company achieved on August 30th.
The stock underperformed when compared to some of its competitors Wednesday, as Cisco Systems Inc. /zigman2/quotes/209509471/composite CSCO -1.04% rose 0.03% to $59.04, HP Inc. /zigman2/quotes/203461582/composite HPQ -0.33% fell 1.75% to $29.22, and Palo Alto Networks Inc. /zigman2/quotes/207599953/composite PANW -0.76% fell 0.16% to $460.30. Trading volume (1.7 M) eclipsed its 50-day average volume of 918,746.