Investing.com - Cisco (NASDAQ:CSCO) Stock fell by 11.74% to trade at $33.23 by 09:30 (13:30 GMT) on Monday on the NASDAQ exchange.
The volume of Cisco shares traded since the start of the session was 1.14M. Cisco has traded in a range of $33.23 to $33.23 on the day.
The stock has traded at $40.1500 at its highest and $33.0000 at its lowest during the past seven days.
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With rising inflation, American consumers are increasingly turning to the Chinese e-commerce platform Temu for their shopping needs. With its enticing tagline “Shop like a billionaire,” Temu has captured 17% of the U.S. market share, posing a challenge to traditional American retailers such as Amazon.com Inc., Dollar Tree Inc. and Five Below Inc. The rise highlights the lucrative and disruptive nature of startups. Owned and operated by PDD Holdings Inc. (NASDAQ:PDD), Temu offers a wide range of