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Investing in Cisco Systems, Inc. (CSCO) Is Getting More Attractive

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 $9.14 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 $9.15 million.

A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid April from “a Neutral” to “a Buy”.

Price Performance Review of CSCO

On Monday, Cisco Systems, Inc. [NASDAQ:CSCO] saw its stock fall -0.17% to $47.78. Over the last five days, the stock has lost -0.75%. Cisco Systems, Inc. shares have fallen nearly -5.42% since the year began. Nevertheless, the stocks have risen 2.62% 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 04/29/24. SMA at 50 days reached $48.89, while 200 days put it at $51.35. A total of 11.48 million shares were traded, compared to the trading of 14.66 million shares in the previous session.

Levels Of Support And Resistance For CSCO Stock

The 24-hour chart illustrates a support level at 47.47, which if violated will result in even more drops to 47.16. On the upside, there is a resistance level at 48.20. A further resistance level may holdings at 48.62. The Relative Strength Index (RSI) on the 14-day chart is 40.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.95%. Stochastics %K at 11.45% indicates the stock is a buying.

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