Cisco Shares Slip as Executives Sell Off Stock
Cisco Systems' shares fell by 1.1% following insider selling activity on Tuesday.
The decline came after CEO Charles Robbins sold 21,628 shares of Cisco stock at an average price of $111.54 on August 14th. This sale decreased his ownership stake in the company to 602,710 shares, valued at approximately $67,226,273.40.
Others who sold shares under pre-arranged Rule 10b5-1 plans included EVP Deborah L. Stahlkopf and EVP Oliver Tuszik.