In a filing, Zillow Group Inc revealed its Chief Industry Dev. Officer Samuelson Errol G unloaded Company’s shares for reported $0.21 million on Mar 26 ’24. In the deal valued at $49.60 per share,4,219 shares were sold. As a result of this transaction, Samuelson Errol G now holds 168,863 shares worth roughly $7.97 million.
Then, Hofmann Jeremy sold 7,813 shares, generating $427,873 in total proceeds. Upon selling the shares at $54.76, the Chief Financial Officer now owns 137,347 shares.
Before that, BLACHFORD ERIK C sold 67,423 shares. Zillow Group Inc shares valued at $3,600,667 were divested by the Director at a price of $53.40 per share. As a result of the transaction, BLACHFORD ERIK C 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 jump 1.24% to $47.19. Over the last five days, the stock has gained 3.15%. Zillow Group Inc shares have fallen nearly -16.80% since the year began. Nevertheless, the stocks have risen 7.45% 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 $51.85, while 200 days put it at $48.53. A total of 0.43 million shares were traded, compared to the trading of 0.35 million shares in the previous session.
Levels Of Support And Resistance For ZG Stock
The 24-hour chart illustrates a support level at 46.55, which if violated will result in even more drops to 45.92. On the upside, there is a resistance level at 47.56. A further resistance level may holdings at 47.94. The Relative Strength Index (RSI) on the 14-day chart is 42.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.94%. Stochastics %K at 34.46% 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 Mar 15, 2024, growing by 0.41 million shares to a total of 2.14 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.73 million shares. There was a rise of 19.16%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.81% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.98.
