Zoom Video Communications Inc’s recently made public that its Chief Financial Officer Steckelberg Kelly unloaded Company’s shares for reported $0.28 million on Aug 07 ’24. In the deal valued at $56.64 per share,5,007 shares were sold. As a result of this transaction, Steckelberg Kelly now holds 0 shares worth roughly $0.0.
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Then, Yuan Eric S. sold 2,420 shares, generating $135,836 in total proceeds. Upon selling the shares at $56.13, the Chief Executive Officer now owns 87,934 shares.
Before that, Yuan Eric S. sold 2,420 shares. Zoom Video Communications Inc shares valued at $135,801 were divested by the Chief Executive Officer at a price of $56.12 per share. As a result of the transaction, Yuan Eric S. now holds 90,354 shares, worth roughly $5.25 million.
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 Friday, Zoom Video Communications Inc [NASDAQ:ZM] saw its stock jump 0.38% to $58.07. Over the last five days, the stock has gained 3.00%. Zoom Video Communications Inc shares have fallen nearly -19.25% since the year began. Nevertheless, the stocks have fallen -11.17% over the past one year. While a 52-week high of $75.90 was reached on 01/12/24, a 52-week low of $55.06 was recorded on 08/12/24. SMA at 50 days reached $58.45, while 200 days put it at $63.70.
Levels Of Support And Resistance For ZM Stock
The 24-hour chart illustrates a support level at 57.45, which if violated will result in even more drops to 56.83. On the upside, there is a resistance level at 58.48. A further resistance level may holdings at 58.88. The Relative Strength Index (RSI) on the 14-day chart is 51.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.96%. Stochastics%K at 36.04% indicates the stock is a holding.
How much short interest is there in Zoom Video Communications Inc?
A steep rise in short interest was recorded in Zoom Video Communications Inc stocks on 2024-07-31, dropping by -1.43 million shares to a total of 7.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 9.21 million shares. There was a decline of -18.46%, which implies that there is a negative sentiment for the stock.
