Shares of Cisco Systems Inc.
rose 4.08% to $52.57 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index
rising 1.66% to 3,974.54 and the Dow Jones Industrial Average
rising 1.39% to 33,072.88. This was the stock’s second consecutive day of gains. Cisco Systems Inc. hit a new 52-week high, surpassing its previous peak of $51.40, which the company achieved on March 25th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Microsoft Corp.
rose 1.78% to $236.48, International Business Machines Corp.
rose 2.49% to $136.38, and VMware Inc.
rose 5.01% to $153.94. Trading volume (31.9 M) eclipsed its 50-day average volume of 22.2 M.