Zuora Inc’s recent filing unveils that its Chief Revenue Officer Traube Robert J. unloaded Company’s shares for reported $0.19 million on Apr 10 ’24. In the deal valued at $8.35 per share,22,587 shares were sold. As a result of this transaction, Traube Robert J. now holds 28,841 shares worth roughly $0.25 million.
Then, McElhatton Todd sold 10,000 shares, generating $83,451 in total proceeds. Upon selling the shares at $8.35, the Chief Financial Officer now owns 267,803 shares.
Before that, Cohen Andrew M. sold 3,794 shares. Zuora Inc shares valued at $31,460 were divested by the CLO and Corp. Secretary at a price of $8.29 per share. As a result of the transaction, Cohen Andrew M. now holds 134,104 shares, worth roughly $1.15 million.
Goldman upgraded its Zuora Inc [ZUO] rating to a Buy from a a Neutral in a research note published on January 23, 2024; the price target was increased to $12 from $10. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in mid July with a ‘”a Neutral”‘ rating. Lake Street began covering ZUO with “Buy” recommendation on January 31, 2023. Goldman started covering the stock on October 21, 2022. It rated ZUO as “a Neutral”.
Price Performance Review of ZUO
On Friday, Zuora Inc [NYSE:ZUO] saw its stock fall -2.27% to $8.60. Over the last five days, the stock has gained 2.02%. Zuora Inc shares have fallen nearly -8.51% since the year began. Nevertheless, the stocks have fallen -4.44% over the past one year. While a 52-week high of $12.12 was reached on 01/24/24, a 52-week low of $7.05 was recorded on 02/29/24. SMA at 50 days reached $8.66, while 200 days put it at $8.95. A total of 1.67 million shares were traded, compared to the trading of 2.57 million shares in the previous session.
Levels Of Support And Resistance For ZUO Stock
The 24-hour chart illustrates a support level at 8.49, which if violated will result in even more drops to 8.38. On the upside, there is a resistance level at 8.71. A further resistance level may holdings at 8.81. The Relative Strength Index (RSI) on the 14-day chart is 47.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.52%. Stochastics %K at 31.91% indicates the stock is a holding.
