Cisco Systems, Inc.’s filing revealed that its EVP and Chief Legal Officer Stahlkopf Deborah L unloaded Company’s shares for reported $11914.0 on Mar 14 ’24. In the deal valued at $50.27 per share,237 shares were sold. As a result of this transaction, Stahlkopf Deborah L now holds 191,322 shares worth roughly $9.23 million.
Then, Sharritts Jeffery S. sold 132 shares, generating $6,636 in total proceeds. Upon selling the shares at $50.27, the EVP & Chief Cust & Prtnr Offcr now owns 245,657 shares.
Before that, Stahlkopf Deborah L sold 3,002 shares. Cisco Systems, Inc. shares valued at $150,120 were divested by the EVP and Chief Legal Officer at a price of $50.01 per share. As a result of the transaction, Stahlkopf Deborah L now holds 191,559 shares, worth roughly $9.24 million.
A number of analysts have revised their coverage, including Melius’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Hold”. DZ Bank also remained covering CSCO and has decreased its forecast on November 17, 2023 with a “Hold” recommendation from previously “Buy” rating. New Street revised its rating on November 16, 2023. It rated CSCO as “a Neutral” which previously was an “a Buy”.
Price Performance Review of CSCO
On Monday, Cisco Systems, Inc. [NASDAQ:CSCO] saw its stock fall -0.64% to $48.24. Over the last five days, the stock has lost -3.60%. Cisco Systems, Inc. shares have fallen nearly -4.51% since the year began. Nevertheless, the stocks have fallen -6.91% over the past one year. While a 52-week high of $58.19 was reached on 01/26/24, a 52-week low of $45.56 was recorded on 03/01/24. SMA at 50 days reached $49.48, while 200 days put it at $51.55. A total of 14.64 million shares were traded, compared to the trading of 3.96 million shares in the previous session.
Levels Of Support And Resistance For CSCO Stock
The 24-hour chart illustrates a support level at 48.05, which if violated will result in even more drops to 47.85. On the upside, there is a resistance level at 48.55. A further resistance level may holdings at 48.85. The Relative Strength Index (RSI) on the 14-day chart is 38.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.85%. Stochastics %K at 15.61% indicates the stock is a buying.
How much short interest is there in Cisco Systems, Inc.?
A steep rise in short interest was recorded in Cisco Systems, Inc. stocks on Mar 15, 2024, dropping by -2.67 million shares to a total of 44.28 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 46.95 million shares. There was a decline of -6.03%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.09% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.03.
