Zoom Video Communications Inc’s recently made public that its Chief Operating Officer Bawa Aparna unloaded Company’s shares for reported $1.32 million on Apr 18 ’24. In the deal valued at $60.18 per share,21,968 shares were sold. As a result of this transaction, Bawa Aparna now holds 1,978 shares worth roughly $0.12 million.
Then, Steckelberg Kelly sold 5,007 shares, generating $297,203 in total proceeds. Upon selling the shares at $59.36, the Chief Financial Officer now owns 0 shares.
Before that, Yuan Eric S. sold 2,420 shares. Zoom Video Communications Inc shares valued at $151,123 were divested by the Chief Executive Officer at a price of $62.45 per share. As a result of the transaction, Yuan Eric S. now holds 92,720 shares, worth roughly $5.71 million.
Rosenblatt upgraded its Zoom Video Communications Inc [ZM] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid March with a ‘”a Hold”‘ rating. Exane BNP Paribas also remained covering ZM and has decreased its forecast on January 18, 2024 with a “an Underperform” recommendation from previously “Neutral” rating. Wells Fargo revised its rating on December 20, 2023. It rated ZM as “an Underweight” which previously was an “an Equal weight”.
Price Performance Review of ZM
On Tuesday, Zoom Video Communications Inc [NASDAQ:ZM] saw its stock jump 3.49% to $61.62. Over the last five days, the stock has gained 3.95%. Zoom Video Communications Inc shares have fallen nearly -14.31% since the year began. Nevertheless, the stocks have fallen -3.69% 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 04/22/24. SMA at 50 days reached $64.69, while 200 days put it at $66.94. A total of 3.89 million shares were traded, compared to the trading of 2.91 million shares in the previous session.
Levels Of Support And Resistance For ZM Stock
The 24-hour chart illustrates a support level at 60.24, which if violated will result in even more drops to 58.87. On the upside, there is a resistance level at 62.38. A further resistance level may holdings at 63.14. The Relative Strength Index (RSI) on the 14-day chart is 44.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.35%. Stochastics %K at 22.32% indicates the stock is a holding.
