Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. CIENA Corp shares valued at $607,870 were sold by SMITH GARY B on Feb 18 ’25. At $89.39 per share, SMITH GARY B sold 6,800 shares. The insider’s holdings dropped to 405,349 shares worth approximately $35.04 million following the completion of this transaction.
Also, Gage Brodie sold 350 shares, netting a total of over 31,556 in proceeds. Following the sale of shares at $90.16 each, the insider now holds 49,197 shares.
Before that, BRODIE GAGE had added 350 shares to its account. In a trade valued at $31,556, the Officer bought CIENA Corp shares for $90.16 each.
As published in a research note from JP Morgan on January 28, 2025, CIENA Corp [CIEN] has been rated up from a Neutral to an Overweight and the price target has been revised to $88 from $84. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid December. As of October 28, 2024, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for CIEN. Earlier on October 15, 2024, Evercore ISI downgraded its rating. Their new recommendation was “an In-line” 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 -2.65%. Over the course of the year, CIENA Corp shares have jumped approximately 1.93%. Shares of the company reached a 52-week high of $101.44 on 01/24/25 and a 52-week low of $74.89 on 01/27/25. A 50-day SMA is recorded $85.67, while a 200-day SMA reached $63.53. Nevertheless, trading volume fell to 2.63 million shares from 1.99 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 85.24, which, if violated, would cause prices to drop to 84.02. In the upper region, resistance lies at 87.61. The next price resistance is at 88.76. RSI (Relative Strength Index) is 48.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.06, which suggests the price will decrease in the coming days. Percent R is at 63.47%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
