Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Zuora Inc shares valued at $2,258,268 were sold by Tzuo Tien on Apr 17 ’24. At $9.44 per share, Tzuo Tien sold 239,198 shares. The insider’s holdings dropped to 6,352 shares worth approximately $63710.56 following the completion of this transaction.
Also, Cohen Andrew M. sold 13,319 shares, netting a total of over 133,190 in proceeds. Following the sale of shares at $10.00 each, the insider now holds 120,785 shares.
Before that, Traube Robert J. had sold 11,294 shares from its account. In a trade valued at $112,940, the Chief Revenue Officer traded Zuora Inc shares for $10.00 each. Upon closing the transaction, the insider’s holdings decreased to 11,294 shares, worth approximately $0.18 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 6.03%. Over the course of the year, Zuora Inc shares have jumped approximately 6.70%. Shares of the company reached a 52-week high of $10.09 on 04/24/24 and a 52-week low of $7.70 on 02/29/24. A 50-day SMA is recorded $8.75, while a 200-day SMA reached $8.90. Nevertheless, trading volume fell to 1.71 million shares from 1.6 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 9.78, which, if violated, would cause prices to drop to 9.54. In the upper region, resistance lies at 10.18. The next price resistance is at 10.34. RSI (Relative Strength Index) is 68.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.85, which suggests the price will decrease in the coming days. Percent R is at 3.19%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
