Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cisco Systems, Inc shares valued at $291,542 were purchased by Wong Maria Victoria on Nov 27 ’24. At $59.73 per share, Wong Maria Victoria acquired 4,881 shares.
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Also, Subaiya Thimaya K. sold 21,230 shares, netting a total of over 1,211,541 in proceeds. Following the sale of shares at $57.07 each, the insider now holds 213,834 shares.
Before that, THIMAYA SUBAIYA had added 21,230 shares to its account. In a trade valued at $1,210,322, the Officer bought Cisco Systems, Inc shares for $57.01 each.
As published in a research note from JP Morgan on November 11, 2024, Cisco Systems, Inc [CSCO] has been rated up from a Neutral to an Overweight and the price target has been revised to $66. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid October. As of August 16, 2024, HSBC Securities has increased its “Hold” rating to a “Buy” for CSCO. Earlier on August 15, 2024, New Street upgraded its rating. Their new recommendation was “a Buy” for CSCO stock which previously was a “a Neutral”.
Analyzing CSCO Stock Performance
During the last five days, there has been a surge of approximately 3.11%. Over the course of the year, Cisco Systems, Inc shares have jumped approximately 17.36%. Shares of the company reached a 52-week high of $59.87 on 11/27/24 and a 52-week low of $44.50 on 08/12/24. A 50-day SMA is recorded $55.53, while a 200-day SMA reached $49.93. Nevertheless, trading volume fell to 11.87 million shares from 14.21 million shares the previous day.
Support And Resistance Levels for Cisco Systems, Inc (CSCO)
According to the 24-hour chart, there is a support level at 58.86, which, if violated, would cause prices to drop to 58.42. In the upper region, resistance lies at 59.80. The next price resistance is at 60.30. RSI (Relative Strength Index) is 67.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.96, which suggests the price will decrease in the coming days. Percent R is at 16.48%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
