Zoom Video Communications Inc’s recently made public that its Chief Executive Officer Yuan Eric S. unloaded Company’s shares for reported $0.15 million on Apr 11 ’24. In the deal valued at $62.45 per share,2,420 shares were sold. As a result of this transaction, Yuan Eric S. now holds 92,720 shares worth roughly $5.71 million.
Then, Yuan Eric S. sold 27,963 shares, generating $1,733,129 in total proceeds. Upon selling the shares at $61.98, the Chief Executive Officer now owns 95,140 shares.
Before that, Sankarlingam Velchamy sold 13,876 shares. Zoom Video Communications Inc shares valued at $863,320 were divested by the Pres. of Engineering & Product at a price of $62.22 per share. As a result of the transaction, Sankarlingam Velchamy now holds 77,845 shares, worth roughly $4.8 million.
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 -1.42% to $61.63. Over the last five days, the stock has lost -2.08%. Zoom Video Communications Inc shares have fallen nearly -14.30% since the year began. Nevertheless, the stocks have fallen -8.68% 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 $65.31, while 200 days put it at $67.20. A total of 2.69 million shares were traded, compared to the trading of 2.01 million shares in the previous session.
Levels Of Support And Resistance For ZM Stock
The 24-hour chart illustrates a support level at 61.30, which if violated will result in even more drops to 60.97. On the upside, there is a resistance level at 62.23. A further resistance level may holdings at 62.83. The Relative Strength Index (RSI) on the 14-day chart is 33.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.63%. Stochastics %K at 9.81% indicates the stock is a buying.
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.
