Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cisco Systems, Inc shares valued at $180,058 were sold by Subaiya Thimaya K. on Dec 12 ’24. At $59.19 per share, Subaiya Thimaya K. sold 3,042 shares. The insider’s holdings dropped to 207,798 shares worth approximately $11.98 million following the completion of this transaction.
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Also, Wong Maria Victoria sold 586 shares, netting a total of over 34,392 in proceeds. Following the sale of shares at $58.69 each, the insider now holds 50,767 shares.
Before that, Stahlkopf Deborah L had sold 2,660 shares from its account. In a trade valued at $157,507, the EVP and Chief Legal Officer traded Cisco Systems, Inc shares for $59.21 each. Upon closing the transaction, the insider’s holdings decreased to 2,660 shares, worth approximately $12.37 million.
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 drop of approximately -2.07%. Over the course of the year, Cisco Systems, Inc shares have jumped approximately 14.07%. Shares of the company reached a 52-week high of $60.23 on 12/05/24 and a 52-week low of $44.50 on 08/12/24. A 50-day SMA is recorded $57.41, while a 200-day SMA reached $50.69. Nevertheless, trading volume fell to 21.3 million shares from 23.01 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 57.27, which, if violated, would cause prices to drop to 56.90. In the upper region, resistance lies at 58.07. The next price resistance is at 58.50. RSI (Relative Strength Index) is 43.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.98, which suggests the price will decrease in the coming days. Percent R is at 89.97%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
