Procurement News Notice |
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| PNN | 4572 |
| Work Detail | Cisco Systems (CSCO) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (9.16 million) in Cisco Systems (CSCO). On Tuesday, The value of composite uptick trades was $7.39 million, whereas, the value of composite downtick trades was $16.56 million and the ratio between the two was 0.45, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $9.71 million. $1.07 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.11. The negative money flow of ($8.65 million) shows selling on strength. Cisco Systems (CSCO) gained $0.03 intraday at $31.61 and registrered 0.08% for the week. Also, Equity Analysts at the Argus Research 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 raises the price target from $34 per share to $37 per share. The rating by the firm was issued on August 19, 2016. Shares of Cisco Systems, Inc. rose by 1.81% in the last five trading days and 2.64% for the last 4 weeks. Cisco Systems, Inc. is up 10.13% in the last 3-month period. Year-to-Date the stock performance stands at 19.18%. Cisco Systems : The stock opened at $31.61 on Tuesday but the bulls could not build on the opening and the stock topped out at $31.66 for the day. The stock traded down to $31.41 during the day, due to lack of any buying support eventually closed down at $31.54 with a loss of -0.13% for the day. The stock had closed at $31.58 on the previous day. The total traded volume was 17,794,797 shares. In a related news, The director, of Cisco Systems, Inc., West Steven M had unloaded 15,000 shares at $30.2 per share in a transaction on July 20, 2016. The total value of transaction was $453,000. 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. |
| Country | United States , Northern America |
| Industry | Information Technology |
| Entry Date | 03 Sep 2016 |
| Source | http://www.themarketdigest.org/201608/shares-of-cisco-systems-csco-sees-large-outflow-of-money-2/3149882/ |
