In a filing, Cisco Systems, Inc. revealed its EVP, Operations Subaiya Thimaya K. unloaded Company’s shares for reported $0.63 million on Jun 14 ’24. In the deal valued at $45.32 per share,13,896 shares were sold. As a result of this transaction, Subaiya Thimaya K. now holds 150,787 shares worth roughly $7.13 million.
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Then, Stahlkopf Deborah L sold 2,619 shares, generating $118,759 in total proceeds. Upon selling the shares at $45.34, the EVP and Chief Legal Officer now owns 176,384 shares.
Before that, Wong Maria Victoria sold 762 shares. Cisco Systems, Inc. shares valued at $34,610 were divested by the SVP & Chief Acctg Officer at a price of $45.42 per share. As a result of the transaction, Wong Maria Victoria now holds 51,788 shares, worth roughly $2.45 million.
Exane BNP Paribas upgraded its Cisco Systems, Inc. [CSCO] rating to a Neutral from a an Underperform in a research note published recently. BofA Securities also remained covering CSCO and has increased its forecast on April 15, 2024 with a “Buy” recommendation from previously “Neutral” rating.
Price Performance Review of CSCO
On Monday, Cisco Systems, Inc. [NASDAQ:CSCO] saw its stock fall -0.02% to $47.28. Over the last five days, the stock has gained 3.50%. Cisco Systems, Inc. shares have fallen nearly -6.41% since the year began. Nevertheless, the stocks have fallen -7.51% over the past one year. While a 52-week high of $58.19 was reached on 01/26/24, a 52-week low of $44.95 was recorded on 06/17/24. SMA at 50 days reached $47.20, while 200 days put it at $50.01. A total of 18.96 million shares were traded, compared to the trading of 65.58 million shares in the previous session.
Levels Of Support And Resistance For CSCO Stock
The 24-hour chart illustrates a support level at 46.94, which if violated will result in even more drops to 46.59. On the upside, there is a resistance level at 47.70. A further resistance level may holdings at 48.12. The Relative Strength Index (RSI) on the 14-day chart is 57.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.38%. Stochastics %K at 75.88% indicates the stock is a holding.
