In a filing, CIENA Corp revealed its Officer JOSEPH CUMELLO acquired Company’s shares for reported $88928.0 on Nov 15 ’24. In the deal valued at $68.99 per share,1,289 shares were bought.
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Then, DAVID ROTHENSTEIN bought 3,500 shares, generating $241,465 in total proceeds.
Before that, Rothenstein David M sold 3,500 shares. CIENA Corp shares valued at $236,005 were divested by the SVP and Chief Strategy Officer at a price of $67.43 per share. As a result of the transaction, Rothenstein David M now holds 199,997 shares, worth roughly $13.32 million.
Morgan Stanley downgraded its CIENA Corp [CIEN] rating to an Equal-weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in mid October from “an Outperform” to “an In-line”. Exane BNP Paribas also remained covering CIEN and has decreased its forecast on October 09, 2024 with a “Neutral” recommendation from previously “an Outperform” rating. JP Morgan revised its rating on October 07, 2024. It rated CIEN as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of CIEN
On Monday, CIENA Corp [NYSE:CIEN] saw its stock fall -0.95% to $66.58. Over the last five days, the stock has lost -7.59%. CIENA Corp shares have risen nearly 47.92% since the year began. Nevertheless, the stocks have risen 50.57% over the past one year. While a 52-week high of $73.47 was reached on 11/11/24, a 52-week low of $42.20 was recorded on 04/22/24. SMA at 50 days reached $64.11, while 200 days put it at $53.80.
Levels Of Support And Resistance For CIEN Stock
The 24-hour chart illustrates a support level at 65.55, which if violated will result in even more drops to 64.52. On the upside, there is a resistance level at 67.77. A further resistance level may holdings at 68.97. The Relative Strength Index (RSI) on the 14-day chart is 49.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.81%. Stochastics %K at 46.32% indicates the stock is a holding.
How much short interest is there in CIENA Corp?
A steep rise in short interest was recorded in CIENA Corp stocks on 2024-10-31, growing by 0.14 million shares to a total of 6.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.89 million shares. There was a rise of 2.32%, which implies that there is a positive sentiment for the stock.
