Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. CIENA Corp shares valued at $235,050 were sold by DiPerna Dino on Dec 26 ’24. At $87.64 per share, DiPerna Dino sold 2,682 shares. The insider’s holdings dropped to 50,607 shares worth approximately $4.29 million following the completion of this transaction.
Also, Gage Brodie sold 350 shares, netting a total of over 30,674 in proceeds. Following the sale of shares at $87.64 each, the insider now holds 49,897 shares.
Before that, DINO DIPERNA had added 2,682 shares to its account. In a trade valued at $235,050, the Officer bought CIENA Corp shares for $87.64 each.
As published in a research note from BofA Securities on December 13, 2024, CIENA Corp [CIEN] has been rated up from a Neutral to a Buy and the price target has been revised to $95 from $70. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in late October. As of October 15, 2024, Evercore ISI has decreased its “an Outperform” rating to a “an In-line” for CIEN. Earlier on October 09, 2024, Exane BNP Paribas downgraded its rating. Their new recommendation was “a Neutral” for CIEN stock which previously was a “an Outperform”.
Analyzing CIEN Stock Performance
During the last five days, there has been a drop of approximately -3.21%. Over the course of the year, CIENA Corp shares have jumped approximately 88.42%. Shares of the company reached a 52-week high of $91.82 on 12/16/24 and a 52-week low of $43.30 on 04/22/24. A 50-day SMA is recorded $73.36, while a 200-day SMA reached $57.03. Nevertheless, trading volume fell to 1.3 million shares from 1.09 million shares the previous day.
Support And Resistance Levels for CIENA Corp (CIEN)
According to the 24-hour chart, there is a support level at 84.33, which, if violated, would cause prices to drop to 83.86. In the upper region, resistance lies at 85.33. The next price resistance is at 85.86. RSI (Relative Strength Index) is 59.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.53, which suggests the price will decrease in the coming days. Percent R is at 33.03%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
