Shares of Cisco Systems (CSCO) Sees Large Outflow of Money

Cisco Systems (CSCO) : Net money flow in Cisco Systems (CSCO) was negative ($7.14 million) and the inflow of money on uptick was $66.51 million, whereas, the outflow of money on downticks amounted to $73.65 million on Thursday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.9. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $15.61 million. On the other hand, the total value of block trades done on downticks was $20.46 million. The ratio of uptick to downtick block trades was 0.76. The money flow in block trades was negative ($4.85). Cisco Systems (CSCO) gained $0.04 cent during the day and reached $29.79, a gain of 0.13% over the previous day.


The stock has recorded a 20-day Moving Average of 4.22% and the 50-Day Moving Average is 6.18%. Shares have rallied 4.99% from its 1 Year high price. On Jul 11, 2016, the shares registered one year high at $29.70 and the one year low was seen on Feb 10, 2016. The 50-Day Moving Average price is $28.75 and the 200 Day Moving Average price is recorded at $27.03.

Cisco Systems (NASDAQ:CSCO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.84 and $29.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.76, notching a gain of 0.03% for the day. The total traded volume was 19,332,194 . The stock had closed at $29.75 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged that Patel Pankaj, officer (EVP, Chief Development Officer) of Cisco Systems, Inc., had unloaded 9,891 shares at an average price of $29.03 in a transaction dated on June 23, 2016. The total value of the transaction was worth $287,136.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.