Zoom Video Communications Inc’s recently made public that its Chief Financial Officer Steckelberg Kelly unloaded Company’s shares for reported $0.31 million on May 01 ’24. In the deal valued at $61.42 per share,5,007 shares were sold. As a result of this transaction, Steckelberg Kelly now holds 0 shares worth roughly $0.0.
Then, Bawa Aparna sold 21,968 shares, generating $1,322,027 in total proceeds. Upon selling the shares at $60.18, the Chief Operating Officer now owns 1,978 shares.
Before that, Steckelberg Kelly sold 5,007 shares. Zoom Video Communications Inc shares valued at $297,203 were divested by the Chief Financial Officer at a price of $59.36 per share. As a result of the transaction, Steckelberg Kelly now holds 0 shares, worth roughly $0.0.
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 0.52% to $62.14. Over the last five days, the stock has gained 1.70%. Zoom Video Communications Inc shares have fallen nearly -13.59% since the year began. Nevertheless, the stocks have fallen -1.99% 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 $64.49, while 200 days put it at $66.50. A total of 2.2 million shares were traded, compared to the trading of 2.83 million shares in the previous session.
Levels Of Support And Resistance For ZM Stock
The 24-hour chart illustrates a support level at 61.81, which if violated will result in even more drops to 61.49. On the upside, there is a resistance level at 62.41. A further resistance level may holdings at 62.69. The Relative Strength Index (RSI) on the 14-day chart is 48.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.13%. Stochastics %K at 61.56% indicates the stock is a holding.
