Ziff Davis Inc’s filing revealed 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 $0.4 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 $0.59 million.
JP Morgan upgraded its Ziff Davis Inc [ZD] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in late September with a ‘”a Neutral”‘ rating. Barclays began covering ZD with “an Equal weight” recommendation on January 06, 2023. Citigroup started covering the stock on December 13, 2022. It rated ZD as “a Neutral”.
Price Performance Review of ZD
On Tuesday, Ziff Davis Inc [NASDAQ:ZD] saw its stock jump 0.76% to $55.39. Over the last five days, the stock has gained 10.54%. Ziff Davis Inc shares have fallen nearly -17.56% since the year began. Nevertheless, the stocks have fallen -16.53% over the past one year. While a 52-week high of $75.58 was reached on 01/29/24, a 52-week low of $49.50 was recorded on 05/01/24. SMA at 50 days reached $59.29, while 200 days put it at $64.06. A total of 0.35 million shares were traded, compared to the trading of 0.39 million shares in the previous session.
Levels Of Support And Resistance For ZD Stock
The 24-hour chart illustrates a support level at 54.97, which if violated will result in even more drops to 54.55. On the upside, there is a resistance level at 55.81. A further resistance level may holdings at 56.23. The Relative Strength Index (RSI) on the 14-day chart is 52.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.68, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.66%. Stochastics %K at 87.98% indicates the stock is a selling.
The most recent change occurred on September 20, 2022 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $90 price target.
