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The Potential Rise in the Price of Zillow Group Inc (Z) following insiders activity

Zillow Group Inc’s recent filing unveils that its Chief Industry Dev. Officer Samuelson Errol G unloaded Company’s shares for reported $0.21 million on Mar 26 ’24. In the deal valued at $49.60 per share,4,219 shares were sold. As a result of this transaction, Samuelson Errol G now holds 168,863 shares worth roughly $7.28 million.

Then, Hofmann Jeremy sold 7,813 shares, generating $427,873 in total proceeds. Upon selling the shares at $54.76, the Chief Financial Officer now owns 137,347 shares.

Before that, BLACHFORD ERIK C sold 67,423 shares. Zillow Group Inc shares valued at $3,600,667 were divested by the Director at a price of $53.40 per share. As a result of the transaction, BLACHFORD ERIK C now holds 0 shares, worth roughly $0.0.

Gordon Haskett initiated its Zillow Group Inc [Z] rating to a Hold in a research note published recently. Standpoint Research also remained covering Z and has decreased its forecast on August 03, 2020 with a “Hold” recommendation from previously “Buy” rating. Needham revised its rating on June 08, 2020. It rated Z as “a Buy” which previously was an “a Hold”.

Price Performance Review of Z

On Tuesday, Zillow Group Inc [NASDAQ:Z] saw its stock jump 3.41% to $43.12. Over the last five days, the stock has gained 1.29%. Zillow Group Inc shares have fallen nearly -25.48% since the year began. Nevertheless, the stocks have fallen -11.42% over the past one year. While a 52-week high of $61.13 was reached on 02/14/24, a 52-week low of $33.80 was recorded on 05/02/24. SMA at 50 days reached $48.20, while 200 days put it at $49.00. A total of 6.78 million shares were traded, compared to the trading of 4.01 million shares in the previous session.

Levels Of Support And Resistance For Z Stock

The 24-hour chart illustrates a support level at 42.12, which if violated will result in even more drops to 41.13. On the upside, there is a resistance level at 43.80. A further resistance level may holdings at 44.49. The Relative Strength Index (RSI) on the 14-day chart is 44.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.64%. Stochastics %K at 53.93% indicates the stock is a holding.

The most recent change occurred on February 28, 2020 when KeyBanc Capital Markets began covering the stock and recommended ‘”a Sector weight”‘ rating.

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