Cisco Systems, Inc. (NASDAQ:CSCO) experienced a surge in call options trading, with investors purchasing 94,404 call options on the stock. This represents a 47% increase compared to the average daily volume. The company has been the subject of various investigative reports, with different analysts providing ratings and price targets. CSCO stock rose 1.2% on Friday, reaching $47.29. The company also announced a quarterly dividend of $0.40 per share. Insiders, including CEO Carlos Robbins, sold shares, and several institutional investors made changes to their positions in CSCO. Cisco Systems designs, manufactures, and sells Internet protocol-based networks and related products worldwide. Overall, the company has a “Hold” rating among analysts, with top-rated analysts recommending other stocks as better buys. MarketBeat provides detailed analysis and recommendations for investors.
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https://www.marketbeat.com/instant-alerts/nasdaq-csco-options-data-report-2024-06-21/
Unusually Large Options Trading Activity Seen in Cisco Systems (NASDAQ:CSCO)
