CIENA Corp.’s recently made public that its SVP Global Sales and Marketing Phipps Jason unloaded Company’s shares for reported $0.14 million on Oct 01 ’24. In the deal valued at $61.49 per share,2,200 shares were sold. As a result of this transaction, Phipps Jason now holds 91,149 shares worth roughly $-6.17 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, JASON PHIPPS bought 2,200 shares, generating $135,278 in total proceeds.
Before that, Cumello Joseph sold 1,289 shares. CIENA Corp. shares valued at $72,493 were divested by the SVP, General Mgr. Blue Planet at a price of $56.24 per share. As a result of the transaction, Cumello Joseph now holds 43,396 shares, worth roughly $2.94 million.
Exane BNP Paribas downgraded its CIENA Corp. [CIEN] rating to a Neutral from a an Outperform in a research note published on October 09, 2024; the price target was increased to $67 from $59. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early October from “an Overweight” to “a Neutral”. Citigroup also remained covering CIEN and has increased its forecast on September 23, 2024 with a “Buy” recommendation from previously “Sell” rating. BofA Securities revised its rating on September 05, 2024. It rated CIEN as “a Neutral” which previously was an “a Buy”.
Price Performance Review of CIEN
On Monday, CIENA Corp. [NYSE:CIEN] saw its stock fall -1.08% to $67.73. Over the last five days, the stock has gained 6.51%. CIENA Corp. shares have risen nearly 50.48% since the year began. Nevertheless, the stocks have risen 55.59% over the past one year. While a 52-week high of $69.91 was reached on 10/11/24, a 52-week low of $39.94 was recorded on 04/22/24. SMA at 50 days reached $57.00, while 200 days put it at $51.65.
Levels Of Support And Resistance For CIEN Stock
The 24-hour chart illustrates a support level at 67.08, which if violated will result in even more drops to 66.42. On the upside, there is a resistance level at 68.66. A further resistance level may holdings at 69.58. The Relative Strength Index (RSI) on the 14-day chart is 68.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.14%. Stochastics %K at 88.22% indicates the stock is a selling.
How much short interest is there in CIENA Corp.?
A steep rise in short interest was recorded in CIENA Corp. stocks on 2024-09-30, growing by 0.14 million shares to a total of 5.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.75 million shares. There was a rise of 2.4%, which implies that there is a positive sentiment for the stock.
