The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Cisco Systems, Inc. shares valued at $11,914 were sold by Stahlkopf Deborah L on Mar 14 ’24. At $50.27 per share, Stahlkopf Deborah L sold 237 shares. The insider’s holdings dropped to 191,322 shares worth approximately $9.48 million following the completion of this transaction.
Also, Sharritts Jeffery S. sold 132 shares, netting a total of over 6,636 in proceeds. Following the sale of shares at $50.27 each, the insider now holds 245,657 shares.
Before that, Stahlkopf Deborah L had sold 3,002 shares from its account. In a trade valued at $150,120, the EVP and Chief Legal Officer traded Cisco Systems, Inc. shares for $50.01 each. Upon closing the transaction, the insider’s holdings decreased to 3,002 shares, worth approximately $9.49 million.
As of January 08, 2024, Melius has decreased its “Buy” rating to a “Hold” for CSCO. Earlier on November 17, 2023, DZ Bank downgraded its rating. Their new recommendation was “a Hold” for CSCO stock which previously was a “a Buy”.
Analyzing CSCO Stock Performance
During the last five days, there has been a surge of approximately 2.95%. Over the course of the year, Cisco Systems, Inc. shares have dropped approximately -1.96%. Shares of the company reached a 52-week high of $52.62 on 01/26/24 and a 52-week low of $47.66 on 03/01/24. A 50-day SMA is recorded $49.32, while a 200-day SMA reached $51.54. Nevertheless, trading volume fell to 14.86 million shares from 20.03 million shares the previous day.
Support And Resistance Levels for Cisco Systems, Inc. (CSCO)
According to the 24-hour chart, there is a support level at 49.16, which, if violated, would cause prices to drop to 48.78. In the upper region, resistance lies at 49.75. The next price resistance is at 49.96. RSI (Relative Strength Index) is 51.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.26, which suggests the price will decrease in the coming days. Percent R is at 29.00%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Cisco Systems, Inc. subject to short interest?
Stocks of Cisco Systems, Inc. saw a sharp steep in short interest on Mar 15, 2024 dropping by -2.67 million shares to 44.28 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 46.95 million shares. A decline of -6.03% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.03 of the overall float, the days-to-cover ratio (short ratio) decline to 2.03.
