In a filing, Cisco Systems, Inc. revealed 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.
BofA Securities upgraded its Cisco Systems, Inc. [CSCO] rating to a Buy from a a Neutral in a research note published on April 15, 2024; the price target was increased to $60 from $55.
Price Performance Review of CSCO
On Monday, Cisco Systems, Inc. [NASDAQ:CSCO] saw its stock fall -0.52% to $48.24. Cisco Systems, Inc. shares have fallen nearly -4.51% since the year began. Nevertheless, the stocks have fallen -5.04% 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 $49.25, while 200 days put it at $51.51. A total of 20.22 million shares were traded, compared to the trading of 16.42 million shares in the previous session.
Levels Of Support And Resistance For CSCO Stock
The 24-hour chart illustrates a support level at 47.70, which if violated will result in even more drops to 47.15. On the upside, there is a resistance level at 49.29. A further resistance level may holdings at 50.33. The Relative Strength Index (RSI) on the 14-day chart is 42.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.37, 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 37.37% indicates the stock is a holding.
