Bad Week for Cisco Systems: Daily 52-week Lows
Every day this week was a new 52-week low for shares of Cisco Systems (NASDAQ:CSCO). Today shares almost touched the $14 level. This once coveted stock of the Dow Jones is now a favorite for short interest players.
In the last 30 days Cisco (CSCO has lost 15% and YTD the stock is down 26%. The five day chart for Cisco is depressing, it has been a daily new 12 month low:
No matter how many articles that have been published this week with the premise as "Cisco is oversold" it has not helped existing shareholders. Thanks to the massive selloff Cisco now trades with a cheap P/E of 11.83.
Here are just a few of the stories around the web that talk up the good and bad of Cisco trading at these levels: