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Citrix Systems Inc. stock outperforms competitors despite losses on the day

Shares of Citrix Systems Inc. CTXS, -0.97% slumped 0.97% to $100.02 Monday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, -3.20% falling 3.20% to…

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Citrix Systems Inc. stock outperforms competitors despite losses on the day
Citrix Systems Inc. stock outperforms competitors despite losses on the day

From the Equity Insider archive. This article dates from May 9, 2022 and is preserved as first published.

Shares of Citrix Systems Inc. CTXS, -0.97% slumped 0.97% to $100.02 Monday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, -3.20% falling 3.20% to 3,991.24 and Dow Jones Industrial Average DJIA, -1.99% falling 1.99% to 32,245.70. This was the stock’s third consecutive day of losses. Citrix Systems Inc. closed $21.85 short of its 52-week high ($121.87), which the company reached on June 14th.

02 Monday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, -3.

Despite its losses, the stock outperformed some of its competitors Monday, as Microsoft Corp. MSFT, -3.69% fell 3.69% to $264.58, Adobe Inc. ADBE, -3.61% fell 3.61% to $376.91, and Oracle Corp. ORCL, -1.31% fell 1.31% to $71.54.true Trading volume (1.4 M) remained 323,522 below its 50-day average volume of 1.7 M.

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