Zoom Video Communications Inc’s filing revealed that its Chief Financial Officer Steckelberg Kelly unloaded Company’s shares for reported $0.32 million on Apr 03 ’24. In the deal valued at $63.39 per share,5,007 shares were sold. As a result of this transaction, Steckelberg Kelly now holds 0 shares worth roughly $0.0.
Then, Subotovsky Santiago sold 1,100 shares, generating $71,919 in total proceeds. Upon selling the shares at $65.38, the Director now owns 154,459 shares.
Before that, Steckelberg Kelly sold 5,007 shares. Zoom Video Communications Inc shares valued at $332,764 were divested by the Chief Financial Officer at a price of $66.46 per share. As a result of the transaction, Steckelberg Kelly now holds 0 shares, worth roughly $0.0.
Jefferies initiated its Zoom Video Communications Inc [ZM] rating to a Hold in a research note published on March 19, 2024; the price target was $70. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who decreased its forecast for the stock in mid January from “a Neutral” to “an Underperform”. Wells Fargo also remained covering ZM and has decreased its forecast on December 20, 2023 with a “an Underweight” recommendation from previously “an Equal weight” rating. Citigroup revised its rating on November 17, 2023. It rated ZM as “a Neutral” which previously was an “a Sell”.
Price Performance Review of ZM
On Friday, Zoom Video Communications Inc [NASDAQ:ZM] saw its stock fall -0.54% to $62.94. Over the last five days, the stock has lost -3.72%. Zoom Video Communications Inc shares have fallen nearly -12.47% since the year began. Nevertheless, the stocks have fallen -14.53% over the past one year. While a 52-week high of $75.90 was reached on 01/12/24, a 52-week low of $58.87 was recorded on 02/21/24. SMA at 50 days reached $65.76, while 200 days put it at $67.31. A total of 2.29 million shares were traded, compared to the trading of 2.83 million shares in the previous session.
Levels Of Support And Resistance For ZM Stock
The 24-hour chart illustrates a support level at 62.56, which if violated will result in even more drops to 62.19. On the upside, there is a resistance level at 63.37. A further resistance level may holdings at 63.80. The Relative Strength Index (RSI) on the 14-day chart is 35.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.23%. Stochastics %K at 5.40% indicates the stock is a buying.
How much short interest is there in Zoom Video Communications Inc?
A steep rise in short interest was recorded in Zoom Video Communications Inc stocks on Mar 15, 2024, dropping by -0.55 million shares to a total of 12.17 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 12.72 million shares. There was a decline of -4.52%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.67% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.41.
The most recent change occurred on September 15, 2023 when HSBC Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $83 price target.
