Cisco Systems (CSCO) has been under a strong bear grip, hence the stock is down -1.31% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.41% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.91% in the last 1 week, and is up 3.01% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.19% and the 50-Day Moving Average is 6.15%.
Cisco Systems (NASDAQ:CSCO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.93 and $29.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.82, notching a gain of 0.20% for the day. The total traded volume was 17,800,449 . The stock had closed at $29.76 on the previous day.
The company Insiders own 0.13% of Cisco Systems shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -12.14% . Institutional Investors own 75.7% of Cisco Systems shares. During last six month period, the net percent change held by insiders has seen a change of -17.2%. In a related news, The officer (EVP, Chief Development Officer), of Cisco Systems, Inc., Patel Pankaj had unloaded 9,891 shares at $29.03 per share in a transaction on June 23, 2016. The total value of transaction was $287,136. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Cisco System, Inc. (Cisco) designs and sells lines of products, provides services and delivers integrated solutions to develop and connect networks around the world, building the Internet. The Company is engaged in designing, manufacturing and selling Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry, and provides services associated with these products and their use. The Company operates its business through three segments: The Americas; Europe, Middle East, and Africa (EMEA), and Asia Pacific, Japan, and China (APJC). It groups its products and technologies into the various categories, such as Switching, Next-Generation Network (NGN) Routing, Collaboration, Service Provider Video, Data Center, Wireless, Security, and Other Products. In addition to its product offerings, it provides a range of service offerings, including technical support services and advanced services.