Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $9.2 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 $9.22 million.
As published in a research note from BofA Securities on April 15, 2024, Cisco Systems, Inc. [CSCO] has been rated up from a Neutral to a Buy and the price target has been revised to $60 from $55.
Analyzing CSCO Stock Performance
During the last five days, there has been a drop of approximately -2.87%. Over the course of the year, Cisco Systems, Inc. shares have dropped approximately -4.77%. 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 $49.13, while a 200-day SMA reached $51.46. Nevertheless, trading volume fell to 12.69 million shares from 14.41 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 47.86, which, if violated, would cause prices to drop to 47.60. In the upper region, resistance lies at 48.39. The next price resistance is at 48.66. RSI (Relative Strength Index) is 42.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.80, which suggests the price will decrease in the coming days. Percent R is at 83.94%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
