Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Zuora Inc shares valued at $188,617 were sold by Traube Robert J. on Apr 10 ’24. At $8.35 per share, Traube Robert J. sold 22,587 shares. The insider’s holdings dropped to 28,841 shares worth approximately $0.27 million following the completion of this transaction.
Also, McElhatton Todd sold 10,000 shares, netting a total of over 83,451 in proceeds. Following the sale of shares at $8.35 each, the insider now holds 267,803 shares.
Before that, Cohen Andrew M. had sold 3,794 shares from its account. In a trade valued at $31,460, the CLO and Corp. Secretary traded Zuora Inc shares for $8.29 each. Upon closing the transaction, the insider’s holdings decreased to 3,794 shares, worth approximately $1.27 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 surge of approximately 12.89%. Over the course of the year, Zuora Inc shares have jumped approximately 0.64%. Shares of the company reached a 52-week high of $10.09 on 04/17/24 and a 52-week low of $7.70 on 02/29/24. A 50-day SMA is recorded $8.66, while a 200-day SMA reached $8.92. Nevertheless, trading volume fell to 9.98 million shares from 2.13 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 8.62, which, if violated, would cause prices to drop to 7.77. In the upper region, resistance lies at 10.20. The next price resistance is at 10.93. RSI (Relative Strength Index) is 62.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.12, which suggests the price will decrease in the coming days. Percent R is at 33.51%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
