Cisco Systems, Inc’s recent filing unveils that its SVP & Chief Acctg Officer Wong Maria Victoria unloaded Company’s shares for reported $0.29 million on Nov 27 ’24. In the deal valued at $59.73 per share,4,881 shares were sold. As a result of this transaction, Wong Maria Victoria now holds 51,931 shares worth roughly $3.09 million.
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Then, Wong Maria Victoria bought 4,881 shares, generating $291,542 in total proceeds.
Before that, Subaiya Thimaya K. sold 21,230 shares. Cisco Systems, Inc shares valued at $1,211,541 were divested by the EVP, Operations at a price of $57.07 per share. As a result of the transaction, Subaiya Thimaya K. now holds 213,834 shares, worth roughly $12.72 million.
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 Tuesday, Cisco Systems, Inc [NASDAQ:CSCO] saw its stock jump 0.08% to $59.48. Over the last five days, the stock has gained 1.26%. Cisco Systems, Inc shares have risen nearly 17.74% since the year began. Nevertheless, the stocks have risen 22.72% over the past one year. While a 52-week high of $59.87 was reached on 11/27/24, a 52-week low of $44.50 was recorded on 08/12/24. SMA at 50 days reached $55.98, while 200 days put it at $50.08.
Levels Of Support And Resistance For CSCO Stock
The 24-hour chart illustrates a support level at 59.26, which if violated will result in even more drops to 59.03. On the upside, there is a resistance level at 59.62. A further resistance level may holdings at 59.75. The Relative Strength Index (RSI) on the 14-day chart is 68.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.08%. Stochastics %K at 85.89% indicates the stock is a selling.
How much short interest is there in Cisco Systems, Inc?
A steep rise in short interest was recorded in Cisco Systems, Inc stocks on 2024-11-15, growing by 5.38 million shares to a total of 62.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 57.07 million shares. There was a rise of 8.61%, which implies that there is a positive sentiment for the stock.
