Citrix Systems Inc. stock rises Wednesday, outperforms market

Citrix Systems Inc. stock rises Wednesday, outperforms market

Shares of Citrix Systems Inc. CTXS, +0.72% inched 0.72% higher to $96.84 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, +0.27% rising 0.27% to 31,029.31 and the S&P 500 Index SPX, -0.07% falling 0.07% to 3,818.83. Citrix Systems Inc. closed $22.23 below its 52-week high ($119.07), which the company reached on July 2nd.

The stock underperformed when compared to some of its competitors Wednesday, as Microsoft Corp. MSFT, +1.47% rose 1.47% to $260.26, Adobe Inc. ADBE, +0.78% rose 0.78% to $368.50, and Oracle Corp. ORCL, +0.92% rose 0.92% to $69.21. Trading volume (674,704) remained 560,852 below its 50-day average volume of 1.2 M.

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