In a filing, Cisco Systems, Inc revealed its Officer RICHARD SCOTT HERREN acquired Company’s shares for reported $5.0 million on Nov 15 ’24. In the deal valued at $57.92 per share,86,351 shares were bought.
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, CHARLES ROBBINS bought 171,744 shares, generating $9,947,412 in total proceeds.
Before that, DEBORAH STAHLKOPF bought 58,188 shares. Cisco Systems, Inc shares valued at $3,370,249 were divested by the Officer at a price of $57.92 per share.
JP Morgan upgraded its Cisco Systems, Inc [CSCO] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in mid October from “a Neutral” to “a Buy”. HSBC Securities also remained covering CSCO and has increased its forecast on August 16, 2024 with a “Buy” recommendation from previously “Hold” rating. New Street revised its rating on August 15, 2024. It rated CSCO as “a Buy” which previously was an “a Neutral”.
Price Performance Review of CSCO
On Monday, Cisco Systems, Inc [NASDAQ:CSCO] saw its stock fall -0.26% to $57.31. Over the last five days, the stock has lost -2.25%. Cisco Systems, Inc shares have risen nearly 13.44% since the year began. Nevertheless, the stocks have risen 19.30% over the past one year. While a 52-week high of $59.38 was reached on 11/11/24, a 52-week low of $44.50 was recorded on 08/12/24. SMA at 50 days reached $54.35, while 200 days put it at $49.63.
Levels Of Support And Resistance For CSCO Stock
The 24-hour chart illustrates a support level at 57.03, which if violated will result in even more drops to 56.75. On the upside, there is a resistance level at 57.79. A further resistance level may holdings at 58.27. The Relative Strength Index (RSI) on the 14-day chart is 58.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.68%. Stochastics %K at 62.54% 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 2024-10-31, growing by 10.35 million shares to a total of 58.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 48.43 million shares. There was a rise of 17.61%, which implies that there is a positive sentiment for the stock.
