Ziff Davis Inc’s recently made public that its EVP/General Counsel ROSSEN JEREMY unloaded Company’s shares for reported $0.29 million on Feb 29 ’24. In the deal valued at $69.43 per share,4,162 shares were sold. As a result of this transaction, ROSSEN JEREMY now holds 7,261 shares worth roughly $0.37 million.
Then, RICHTER BRET bought 2,000 shares, generating $118,263 in total proceeds. Upon buying the shares at $59.13, the Chief Financial Officer now owns 5,142 shares.
Before that, ROSSEN JEREMY bought 1,000 shares. Ziff Davis Inc shares valued at $58,450 were divested by the EVP/General Counsel at a price of $58.45 per share. As a result of the transaction, ROSSEN JEREMY now holds 10,699 shares, worth roughly $0.54 million.
UBS initiated its Ziff Davis Inc [ZD] rating to a Neutral in a research note published on September 25, 2023; the price target was $81. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early January with a ‘”an Equal weight”‘ rating. Citigroup began covering ZD with “Neutral” recommendation on December 13, 2022. Evercore ISI started covering the stock on September 20, 2022. It rated ZD as “an Outperform”.
Price Performance Review of ZD
On Monday, Ziff Davis Inc [NASDAQ:ZD] saw its stock fall -1.61% to $50.77. Over the last five days, the stock has lost -4.37%. Ziff Davis Inc shares have fallen nearly -24.44% since the year began. Nevertheless, the stocks have fallen -31.57% over the past one year. While a 52-week high of $75.58 was reached on 01/29/24, a 52-week low of $50.15 was recorded on 04/22/24. SMA at 50 days reached $62.48, while 200 days put it at $65.21. A total of 0.56 million shares were traded, compared to the trading of 0.66 million shares in the previous session.
Levels Of Support And Resistance For ZD Stock
The 24-hour chart illustrates a support level at 49.96, which if violated will result in even more drops to 49.14. On the upside, there is a resistance level at 51.76. A further resistance level may holdings at 52.74. The Relative Strength Index (RSI) on the 14-day chart is 23.01, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.09%. Stochastics %K at 7.65% indicates the stock is a buying.
