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. ZoomInfo Technologies Inc. shares valued at $12,736,650 were purchased by Schuck Henry on Aug 07 ’24. At $8.49 per share, Schuck Henry acquired 1,500,000 shares. The insider’s holdings grew to 11,788,001 shares worth approximately $108.45 million following the completion of this transaction.
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Also, Hyzer Peter Cameron sold 7,500 shares, netting a total of over 92,775 in proceeds. Following the sale of shares at $12.37 each, the insider now holds 1,316,518 shares.
Before that, Hyzer Peter Cameron had sold 7,500 shares from its account. In a trade valued at $95,850, the Chief Financial Officer traded ZoomInfo Technologies Inc. shares for $12.78 each. Upon closing the transaction, the insider’s holdings decreased to 7,500 shares, worth approximately $11.77 million.
As published in a research note from Daiwa Securities on August 13, 2024, ZoomInfo Technologies Inc. [ZI] has been rated down from an Outperform to a Neutral and the price target has been revised to $9 from $15. Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early August. As of August 06, 2024, KeyBanc Capital Markets has decreased its “an Overweight” rating to a “Sector weight” for ZI. Earlier on August 06, 2024, DA Davidson downgraded its rating. Their new recommendation was “a Neutral” for ZI stock which previously was a “a Buy”.
Analyzing ZI Stock Performance
During the last five days, there has been a surge of approximately 2.79%. Over the course of the year, ZoomInfo Technologies Inc. shares have dropped approximately -50.24%. Shares of the company reached a 52-week high of $18.69 on 02/14/24 and a 52-week low of $7.65 on 08/06/24. A 50-day SMA is recorded $11.40, while a 200-day SMA reached $14.45. Nevertheless, trading volume fell to 5.8 million shares from 5.13 million shares the previous day.
Support And Resistance Levels for ZoomInfo Technologies Inc. (ZI)
According to the 24-hour chart, there is a support level at 9.00, which, if violated, would cause prices to drop to 8.80. In the upper region, resistance lies at 9.36. The next price resistance is at 9.51. RSI (Relative Strength Index) is 39.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.63, which suggests the price will decrease in the coming days. Percent R is at 61.82%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
