Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. ZipRecruiter Inc shares valued at $60,103 were sold by YARBROUGH TIMOTHY G. on May 20 ’24. At $10.00 per share, YARBROUGH TIMOTHY G. sold 6,012 shares. The insider’s holdings dropped to 174,720 shares worth approximately $1.7 million following the completion of this transaction.
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Also, SAKAMOTO RYAN T. sold 1,357 shares, netting a total of over 13,563 in proceeds. Following the sale of shares at $9.99 each, the insider now holds 94,835 shares.
Before that, YARBROUGH TIMOTHY G. had sold 6,013 shares from its account. In a trade valued at $62,937, the EVP & CHIEF FINANCIAL OFFICER traded ZipRecruiter Inc shares for $10.47 each. Upon closing the transaction, the insider’s holdings decreased to 6,013 shares, worth approximately $1.75 million.
Analysts at Goldman downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid January. As of November 20, 2023, Wells Fargo has initiated its “an Overweight” rating for ZIP. Earlier on October 04, 2023, UBS initiated its rating. Their recommendation was “a Neutral” for ZIP stock.
Analyzing ZIP Stock Performance
During the last five days, there has been a drop of approximately -2.02%. Over the course of the year, ZipRecruiter Inc shares have dropped approximately -30.14%. Shares of the company reached a 52-week high of $15.35 on 01/29/24 and a 52-week low of $9.07 on 05/10/24. A 50-day SMA is recorded $10.79, while a 200-day SMA reached $12.82. Nevertheless, trading volume fell to 0.64 million shares from 0.57 million shares the previous day.
Support And Resistance Levels for ZipRecruiter Inc (ZIP)
According to the 24-hour chart, there is a support level at 9.57, which, if violated, would cause prices to drop to 9.44. In the upper region, resistance lies at 9.93. The next price resistance is at 10.15. RSI (Relative Strength Index) is 36.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.27, which suggests the price will decrease in the coming days. Percent R is at 68.49%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
