Zillow Group Inc’s filing revealed that its Chief Financial Officer Hofmann Jeremy unloaded Company’s shares for reported $0.43 million on Mar 15 ’24. In the deal valued at $54.76 per share,7,813 shares were sold. As a result of this transaction, Hofmann Jeremy now holds 137,347 shares worth roughly $6.61 million.
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Then, BLACHFORD ERIK C sold 67,423 shares, generating $3,600,667 in total proceeds. Upon selling the shares at $53.40, the Director now owns 0 shares.
Before that, Bohutinsky Amy sold 93,750 shares. Zillow Group Inc shares valued at $5,315,044 were divested by the Director at a price of $56.69 per share. As a result of the transaction, Bohutinsky Amy now holds 0 shares, worth roughly $0.0.
BofA Securities downgraded its Zillow Group Inc [ZG] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including JMP Securities’s analysts, who increased its forecast for the stock in mid December from “a Mkt perform” to “a Mkt outperform”. Deutsche Bank began covering ZG with “Buy” recommendation on November 21, 2023.
Price Performance Review of ZG
On Tuesday, Zillow Group Inc [NASDAQ:ZG] saw its stock fall -0.99% to $48.11. Over the last five days, the stock has gained 2.14%. Zillow Group Inc shares have fallen nearly -15.18% since the year began. Nevertheless, the stocks have risen 13.04% over the past one year. While a 52-week high of $59.23 was reached on 02/14/24, a 52-week low of $33.23 was recorded on 03/18/24. SMA at 50 days reached $52.91, while 200 days put it at $48.49. A total of 0.46 million shares were traded, compared to the trading of 0.73 million shares in the previous session.
Levels Of Support And Resistance For ZG Stock
The 24-hour chart illustrates a support level at 47.58, which if violated will result in even more drops to 47.05. On the upside, there is a resistance level at 49.11. A further resistance level may holdings at 50.11. The Relative Strength Index (RSI) on the 14-day chart is 39.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.28%. Stochastics %K at 38.27% indicates the stock is a holding.
How much short interest is there in Zillow Group Inc?
A steep rise in short interest was recorded in Zillow Group Inc stocks on Feb 29, 2024, growing by 0.44 million shares to a total of 2.17 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 1.73 million shares. There was a rise of 20.28%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.90% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.28.
