Zuora Inc’s filing revealed that its Chairman and CEO Tzuo Tien unloaded Company’s shares for reported $0.12 million on Jul 16 ’24. In the deal valued at $9.12 per share,13,353 shares were sold. As a result of this transaction, Tzuo Tien now holds 6,352 shares worth roughly $57930.24.
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Then, Tzuo Tien sold 81,731 shares, generating $739,576 in total proceeds. Upon selling the shares at $9.05, the Chairman and CEO now owns 6,352 shares.
Before that, HIRSCH PETER sold 58,267 shares. Zuora Inc shares valued at $527,946 were divested by the Chief Product & Tech Officer at a price of $9.06 per share. As a result of the transaction, HIRSCH PETER now holds 14,566 shares, worth roughly $0.13 million.
Craig Hallum downgraded its Zuora Inc [ZUO] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in late January from “a Neutral” to “a Buy”. Robert W. Baird began covering ZUO with “Neutral” recommendation on July 13, 2023. Lake Street started covering the stock on January 31, 2023. It rated ZUO as “a Buy”.
Price Performance Review of ZUO
On Monday, Zuora Inc [NYSE:ZUO] saw its stock fall -3.80% to $9.12. Over the last five days, the stock has lost -2.88%. Zuora Inc shares have fallen nearly -2.98% since the year began. Nevertheless, the stocks have fallen -13.23% over the past one year. While a 52-week high of $11.80 was reached on 05/23/24, a 52-week low of $7.05 was recorded on 02/29/24. SMA at 50 days reached $9.58, while 200 days put it at $8.94. A total of 0.5 million shares were traded, compared to the trading of 0.88 million shares in the previous session.
Levels Of Support And Resistance For ZUO Stock
The 24-hour chart illustrates a support level at 8.95, which if violated will result in even more drops to 8.77. On the upside, there is a resistance level at 9.43. A further resistance level may holdings at 9.73. The Relative Strength Index (RSI) on the 14-day chart is 44.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.95%. Stochastics%K at 63.20% indicates the stock is a holding.
The most recent change occurred on October 21, 2022 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $9 price target.
