Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Zuora Inc shares valued at $470,725 were sold by Traube Robert J. on Apr 03 ’24. At $8.61 per share, Traube Robert J. sold 54,682 shares. The insider’s holdings dropped to 51,428 shares worth approximately $0.43 million following the completion of this transaction.
Also, McElhatton Todd sold 31,006 shares, netting a total of over 266,912 in proceeds. Following the sale of shares at $8.61 each, the insider now holds 277,803 shares.
Before that, Cohen Andrew M. had sold 11,864 shares from its account. In a trade valued at $102,130, the CLO and Corp. Secretary traded Zuora Inc shares for $8.61 each. Upon closing the transaction, the insider’s holdings decreased to 11,864 shares, worth approximately $1.16 million.
As published in a research note from Goldman on January 23, 2024, Zuora Inc [ZUO] has been rated up from a Neutral to a Buy and the price target has been revised to $12 from $10. Analysts at Robert W. Baird started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid July. As of January 31, 2023, Lake Street has initiated its “Buy” rating for ZUO. Earlier on October 21, 2022, Goldman initiated its rating. Their recommendation was “a Neutral” for ZUO stock.
Analyzing ZUO Stock Performance
During the last five days, there has been a drop of approximately -1.99%. Over the course of the year, Zuora Inc shares have dropped approximately -10.85%. Shares of the company reached a 52-week high of $9.60 on 01/24/24 and a 52-week low of $7.70 on 02/29/24. A 50-day SMA is recorded $8.69, while a 200-day SMA reached $8.97. Nevertheless, trading volume fell to 1.89 million shares from 0.68 million shares the previous day.
Support And Resistance Levels for Zuora Inc (ZUO)
According to the 24-hour chart, there is a support level at 8.24, which, if violated, would cause prices to drop to 8.10. In the upper region, resistance lies at 8.50. The next price resistance is at 8.62. RSI (Relative Strength Index) is 41.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.25, which suggests the price will decrease in the coming days. Percent R is at 86.32%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Zuora Inc subject to short interest?
Stocks of Zuora Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.36 million shares to 4.94 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 4.58 million shares. A jump of 7.29% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.74 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.74.
