Check Out What Whales Are Doing With CSCO
Portfolio Pulse from Benzinga Insights
A large investor has taken a bearish stance on Cisco Systems (NASDAQ:CSCO), with 18 uncommon options trades spotted for the company. The sentiment of these big-money traders is split between 44% bullish and 55% bearish. The whales have been targeting a price range from $47.5 to $65.0 for Cisco Systems over the last 3 months. B of A Securities and Citigroup have both downgraded their action to Neutral with price targets of $56 and $54 respectively.
July 13, 2023 | 6:21 pm
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A large investor has taken a bearish stance on Cisco Systems, indicating potential downward pressure on the stock. B of A Securities and Citigroup have both downgraded their action to Neutral.
The bearish stance taken by a large investor, combined with the downgrades by B of A Securities and Citigroup, could lead to downward pressure on Cisco Systems' stock in the short term.
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