Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Zillow Group Inc shares valued at $209,278 were sold by Samuelson Errol G on Mar 26 ’24. At $49.60 per share, Samuelson Errol G sold 4,219 shares. The insider’s holdings dropped to 168,863 shares worth approximately $7.64 million following the completion of this transaction.
Also, Hofmann Jeremy sold 7,813 shares, netting a total of over 427,873 in proceeds. Following the sale of shares at $54.76 each, the insider now holds 137,347 shares.
Before that, BLACHFORD ERIK C had sold 67,423 shares from its account. In a trade valued at $3,600,667, the Director traded Zillow Group Inc shares for $53.40 each. Upon closing the transaction, the insider’s holdings decreased to 67,423 shares, worth approximately $0.0.
As published in their initiating research note from Gordon Haskett on April 18, 2023, Zillow Group Inc [Z] has been a Hold. As of August 03, 2020, Standpoint Research has decreased its “Buy” rating to a “Hold” for Z. Earlier on June 08, 2020, Needham upgraded its rating. Their new recommendation was “a Buy” for Z stock which previously was a “a Hold”.
Analyzing Z Stock Performance
During the last five days, there has been a drop of approximately -3.33%. Over the course of the year, Zillow Group Inc shares have dropped approximately -21.78%. Shares of the company reached a 52-week high of $61.13 on 02/14/24 and a 52-week low of $44.69 on 04/11/24. A 50-day SMA is recorded $52.92, while a 200-day SMA reached $49.81. Nevertheless, trading volume fell to 2.65 million shares from 4.01 million shares the previous day.
Support And Resistance Levels for Zillow Group Inc (Z)
According to the 24-hour chart, there is a support level at 44.67, which, if violated, would cause prices to drop to 44.08. In the upper region, resistance lies at 45.87. The next price resistance is at 46.48. RSI (Relative Strength Index) is 33.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.74, which suggests the price will decrease in the coming days. Percent R is at 92.33%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Zillow Group Inc subject to short interest?
Stocks of Zillow Group Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.16 million shares to 14.96 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 14.8 million shares. A jump of 1.07% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.97 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.97.
