In a filing, Cisco Systems, Inc revealed its EVP, Operations Subaiya Thimaya K. unloaded Company’s shares for reported $0.18 million on Dec 12 ’24. In the deal valued at $59.19 per share,3,042 shares were sold. As a result of this transaction, Subaiya Thimaya K. now holds 207,798 shares worth roughly $12.21 million.
Then, Wong Maria Victoria sold 586 shares, generating $34,392 in total proceeds. Upon selling the shares at $58.69, the SVP & Chief Acctg Officer now owns 50,767 shares.
Before that, Stahlkopf Deborah L sold 2,660 shares. Cisco Systems, Inc shares valued at $157,507 were divested by the EVP and Chief Legal Officer at a price of $59.21 per share. As a result of the transaction, Stahlkopf Deborah L now holds 214,712 shares, worth roughly $12.61 million.
Melius upgraded its Cisco Systems, Inc [CSCO] rating to a Buy from a a Hold in a research note published on January 06, 2025; the price target was increased to $73 from $66. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid November from “a Neutral” to “an Overweight”. Citigroup also remained covering CSCO and has increased its forecast on October 16, 2024 with a “Buy” recommendation from previously “Neutral” rating. HSBC Securities revised its rating on August 16, 2024. It rated CSCO as “a Buy” which previously was an “a Hold”.
Price Performance Review of CSCO
On Friday, Cisco Systems, Inc [NASDAQ:CSCO] saw its stock fall -0.78% to $58.74. Over the last five days, the stock has lost -0.61%. Cisco Systems, Inc shares have fallen nearly -0.78% since the year began. Nevertheless, the stocks have risen 17.69% over the past one year. While a 52-week high of $60.23 was reached on 01/02/25, a 52-week low of $44.50 was recorded on 01/08/25. SMA at 50 days reached $58.35, while 200 days put it at $51.31.
Levels Of Support And Resistance For CSCO Stock
The 24-hour chart illustrates a support level at 58.50, which if violated will result in even more drops to 58.26. On the upside, there is a resistance level at 59.02. A further resistance level may holdings at 59.30. The Relative Strength Index (RSI) on the 14-day chart is 49.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.22%. Stochastics %K at 63.79% 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 2024-12-13, dropping by -5.62 million shares to a total of 56.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 62.45 million shares. There was a decline of -9.89%, which implies that there is a negative sentiment for the stock.
