Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cisco Systems, Inc. shares valued at $1,213,788 were sold by Robbins Charles on May 29 ’24. At $46.10 per share, Robbins Charles sold 26,331 shares. The insider’s holdings dropped to 725,363 shares worth approximately $33.53 million following the completion of this transaction.
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Also, Wong Maria Victoria sold 3,378 shares, netting a total of over 155,016 in proceeds. Following the sale of shares at $45.89 each, the insider now holds 52,953 shares.
Before that, Stahlkopf Deborah L had sold 8,016 shares from its account. In a trade valued at $386,701, the EVP and Chief Legal Officer traded Cisco Systems, Inc. shares for $48.24 each. Upon closing the transaction, the insider’s holdings decreased to 8,016 shares, worth approximately $8.35 million.
As published in a research note from Exane BNP Paribas on May 13, 2024, Cisco Systems, Inc. [CSCO] has been rated up from an Underperform to a Neutral and the price target has been revised to $50. As of April 15, 2024, BofA Securities has increased its “Neutral” rating to a “Buy” for CSCO.
Analyzing CSCO Stock Performance
During the last five days, there has been a surge of approximately 0.24%. Over the course of the year, Cisco Systems, Inc. shares have dropped approximately -8.49%. Shares of the company reached a 52-week high of $52.62 on 01/26/24 and a 52-week low of $45.64 on 06/05/24. A 50-day SMA is recorded $47.89, while a 200-day SMA reached $50.58. Nevertheless, trading volume fell to 15.39 million shares from 28.75 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 45.88, which, if violated, would cause prices to drop to 45.52. In the upper region, resistance lies at 46.49. The next price resistance is at 46.74. RSI (Relative Strength Index) is 41.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.16, which suggests the price will decrease in the coming days. Percent R is at 79.79%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
