The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. LegalZoom.com Inc. shares valued at $124,615 were sold by Preece Richard on Mar 15 ’24. At $13.17 per share, Preece Richard sold 9,462 shares. The insider’s holdings dropped to 498,519 shares worth approximately $6.29 million following the completion of this transaction.
Also, Murphy John Francis sold 10,000 shares, netting a total of over 124,740 in proceeds. Following the sale of shares at $12.47 each, the insider now holds 40,507 shares.
Before that, Miller Nicole had sold 24,557 shares from its account. In a trade valued at $239,431, the EVP and General Counsel traded LegalZoom.com Inc. shares for $9.75 each. Upon closing the transaction, the insider’s holdings decreased to 24,557 shares, worth approximately $2.63 million.
Analyzing LZ Stock Performance
During the last five days, there has been a drop of approximately -3.52%. Over the course of the year, LegalZoom.com Inc. shares have jumped approximately 11.68%. Shares of the company reached a 52-week high of $13.74 on 03/13/24 and a 52-week low of $9.50 on 02/21/24. A 50-day SMA is recorded $12.08, while a 200-day SMA reached $11.63. Nevertheless, trading volume fell to 1.02 million shares from 0.83 million shares the previous day.
Support And Resistance Levels for LegalZoom.com Inc. (LZ)
According to the 24-hour chart, there is a support level at 12.44, which, if violated, would cause prices to drop to 12.25. In the upper region, resistance lies at 12.87. The next price resistance is at 13.12. RSI (Relative Strength Index) is 44.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.16, which suggests the price will decrease in the coming days. Percent R is at 89.05%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is LegalZoom.com Inc. subject to short interest?
Stocks of LegalZoom.com Inc. saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.22 million shares to 4.05 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 3.83 million shares. A jump of 5.43% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.09 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.09.
