Zebra Technologies Corp.’s recent filing unveils that its Chief People Officer Schmitz Jeffrey F unloaded Company’s shares for reported $0.34 million on Aug 15 ’24. In the deal valued at $341.69 per share,1,000 shares were sold. As a result of this transaction, Schmitz Jeffrey F now holds 9,694 shares worth roughly $3.44 million.
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Then, Schmitz Jeffrey F bought 1,000 shares, generating $341,000 in total proceeds.
Before that, Cho Michael sold 1,657 shares. Zebra Technologies Corp. shares valued at $531,087 were divested by the Chief Strategy Officer at a price of $320.51 per share. As a result of the transaction, Cho Michael now holds 3,809 shares, worth roughly $1.35 million.
Vertical Research initiated its Zebra Technologies Corp. [ZBRA] rating to a Buy in a research note published on July 23, 2024; the price target was $375. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who increased its forecast for the stock in mid June from “an Underperform” to “a Neutral”. Wolfe Research also remained covering ZBRA and has increased its forecast on April 08, 2024 with a “an Outperform” recommendation from previously “Peer perform” rating. Barclays started covering the stock on April 02, 2024. It rated ZBRA as “an Equal weight”.
Price Performance Review of ZBRA
On Tuesday, Zebra Technologies Corp. [NASDAQ:ZBRA] saw its stock jump 3.12% to $354.52. Over the last five days, the stock has gained 5.87%. Zebra Technologies Corp. shares have risen nearly 29.70% since the year began. Nevertheless, the stocks have risen 41.03% over the past one year. While a 52-week high of $372.93 was reached on 07/30/24, a 52-week low of $194.59 was recorded on 02/01/24. SMA at 50 days reached $333.16, while 200 days put it at $295.24.
Levels Of Support And Resistance For ZBRA Stock
The 24-hour chart illustrates a support level at 348.54, which if violated will result in even more drops to 342.55. On the upside, there is a resistance level at 357.56. A further resistance level may holdings at 360.59. The Relative Strength Index (RSI) on the 14-day chart is 64.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.57, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.25%. Stochastics %K at 80.39% indicates the stock is a selling.
How much short interest is there in Zebra Technologies Corp.?
A steep rise in short interest was recorded in Zebra Technologies Corp. stocks on 2024-08-30, dropping by 28150.0 shares to a total of 0.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 0.66 million shares. There was a decline of -4.48%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 14, 2024 when Truist began covering the stock and recommended ‘”a Hold”‘ rating along with a $300 price target.
