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A company insider recently sold 5,907 shares of Zillow Group Inc [Z]. Should You Sale?

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Zillow Group Inc shares valued at $282,011 were sold by Daimler Susan on Jun 12 ’24. At $47.74 per share, Daimler Susan sold 5,907 shares. The insider’s holdings dropped to 29,665 shares worth approximately $1.45 million following the completion of this transaction.

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Also, Hoag Jay C purchased 521,170 shares, netting a total of over 22,448,877 in proceeds. Following the buying of shares at $43.07 each, the insider now holds 1,525,612 shares.

Before that, BLACHFORD ERIK C had sold 1,413 shares from its account. In a trade valued at $61,225, the Director traded Zillow Group Inc shares for $43.33 each. Upon closing the transaction, the insider’s holdings decreased to 1,413 shares, worth approximately $1.8 million.

As published in their initiating research note from Gordon Haskett on April 18, 2023, Zillow Group Inc [Z] has been a Hold. As of August 03, 2020, Standpoint Research has decreased its “Buy” rating to a “Hold” for Z. Earlier on June 08, 2020, Needham upgraded its rating. Their new recommendation was “a Buy” for Z stock which previously was a “a Hold”.

Analyzing Z Stock Performance

During the last five days, there has been a surge of approximately 0.66%. Over the course of the year, Zillow Group Inc shares have dropped approximately -15.61%. Shares of the company reached a 52-week high of $61.13 on 02/14/24 and a 52-week low of $38.45 on 05/02/24. A 50-day SMA is recorded $43.18, while a 200-day SMA reached $47.54. Nevertheless, trading volume fell to 3.01 million shares from 4.01 million shares the previous day.

Support And Resistance Levels for Zillow Group Inc (Z)

According to the 24-hour chart, there is a support level at 47.95, which, if violated, would cause prices to drop to 47.06. In the upper region, resistance lies at 49.58. The next price resistance is at 50.33. RSI (Relative Strength Index) is 66.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.32, which suggests the price will increase in the coming days. Percent R is at 6.22%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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