Cisco Systems (CSCO) : The total negative money flow of $44.04 million on Wednesday indicates selling on strength. The inflow of money on upticks was $174.26 million, compared to $218.3 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.8. The negative money flow of $40.64 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $16.65 million in a block trade.The transaction value of block trade on downtick was $57.29 million. The uptick to downtick ratio was 0.29. The price action in the Cisco Systems (CSCO) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $30.63 with a gain of $0.71 , a change of 2.37% over the previous days close. The stock registered 2.72% for the week.
Also, Equity Analysts at the UBS maintains the rating on Cisco Systems (NASDAQ:CSCO). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency lowers the price target from $30 per share to $32 per share. The rating by the firm was issued on June 16, 2016.
Cisco Systems (NASDAQ:CSCO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.04 and $29.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.69. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.63, notching a gain of 2.37% for the day. The total traded volume was 50,168,804 . The stock had closed at $29.92 on the previous day.
The stock has recorded a 20-day Moving Average of 6.31% and the 50-Day Moving Average is 8.17%. 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.