Cisco Systems, Inc.’s filing revealed that its SVP & Chief Acctg Officer Wong Maria Victoria unloaded Company’s shares for reported $31319.0 on Sep 12 ’24. In the deal valued at $49.09 per share,638 shares were sold. As a result of this transaction, Wong Maria Victoria now holds 46,017 shares worth roughly $2.54 million.
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Then, Subaiya Thimaya K. sold 1,328 shares, generating $64,966 in total proceeds. Upon selling the shares at $48.92, the EVP, Operations now owns 132,910 shares.
Before that, Stahlkopf Deborah L sold 2,642 shares. Cisco Systems, Inc. shares valued at $129,335 were divested by the EVP and Chief Legal Officer at a price of $48.95 per share. As a result of the transaction, Stahlkopf Deborah L now holds 161,223 shares, worth roughly $8.91 million.
Citigroup upgraded its Cisco Systems, Inc. [CSCO] rating to a Buy from a a Neutral in a research note published on October 16, 2024; the price target was increased to $62 from $52. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in mid August from “a Hold” to “a Buy”. New Street also remained covering CSCO and has increased its forecast on August 15, 2024 with a “Buy” recommendation from previously “Neutral” rating. Exane BNP Paribas revised its rating on May 13, 2024. It rated CSCO as “a Neutral” which previously was an “an Underperform”.
Price Performance Review of CSCO
On Monday, Cisco Systems, Inc. [NASDAQ:CSCO] saw its stock fall -0.83% to $55.28. Over the last five days, the stock has lost -2.31%. Cisco Systems, Inc. shares have risen nearly 9.42% since the year began. Nevertheless, the stocks have risen 7.61% over the past one year. While a 52-week high of $57.06 was reached on 10/21/24, a 52-week low of $44.50 was recorded on 08/12/24. SMA at 50 days reached $52.22, while 200 days put it at $49.18.
Levels Of Support And Resistance For CSCO Stock
The 24-hour chart illustrates a support level at 55.00, which if violated will result in even more drops to 54.72. On the upside, there is a resistance level at 55.77. A further resistance level may holdings at 56.26. The Relative Strength Index (RSI) on the 14-day chart is 61.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.31%. Stochastics %K at 70.37% indicates the stock is a holding.
How much short interest is there in Cisco Systems, Inc.?
A steep rise in short interest was recorded in Cisco Systems, Inc. stocks on 2024-10-15, growing by 4.92 million shares to a total of 57.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 52.15 million shares. There was a rise of 8.62%, which implies that there is a positive sentiment for the stock.
