There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on June 7, Cisco Systems Inc's Director, Wesley G. Bush, invested $557,404.00 into 10,000 shares of CSCO, for a cost per share of $55.74. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Wednesday, bargain hunters could buy shares of Cisco Systems Inc (Symbol: CSCO) and achieve a cost basis even cheaper than Bush, with shares changing hands as low as $55.65 per share. Cisco Systems Inc shares are currently trading down about 2% on the day. The chart below shows the one year performance of CSCO shares, versus its 200 day moving average:
Looking at the chart above, CSCO's low point in its 52 week range is $40.25 per share, with $57.56 as the 52 week high point — that compares with a last trade of $55.94. By comparison, below is a table showing the prices at which CSCO insider buying was recorded over the last six months:
|06/07/2019||Wesley G. Bush||Director||10,000||$55.74||$557,404.00|
The current annualized dividend paid by Cisco Systems Inc is $1.4/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 07/03/2019. Below is a long-term dividend history chart for CSCO, which can be of good help in judging whether the most recent dividend with approx. 2.5% annualized yield is likely to continue.
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