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LegalZoom.com Inc. (LZ) may enjoy gains as insiders got busy in the recent days

LegalZoom.com Inc.’s recent filing unveils that its Former CEO Wernikoff Daniel A acquired Company’s shares for reported $1.31 million on Aug 13 ’24. In the deal valued at $5.77 per share,226,190 shares were bought.

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Then, Miller Nicole sold 13,727 shares, generating $125,877 in total proceeds. Upon selling the shares at $9.17, the CHIEF LEGAL OFFICER now owns 338,956 shares.

Before that, Watson Noel Bertram sold 25,000 shares. LegalZoom.com Inc. shares valued at $236,000 were divested by the Chief Financial Officer at a price of $9.44 per share. As a result of the transaction, Watson Noel Bertram now holds 748,912 shares, worth roughly $5.06 million.

William Blair initiated its LegalZoom.com Inc. [LZ] rating to a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in late July from “a Hold” to “a Buy”. JP Morgan also remained covering LZ and has decreased its forecast on July 10, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. JMP Securities revised its rating on July 10, 2024. It rated LZ as “a Mkt perform” which previously was an “a Mkt outperform”.

Price Performance Review of LZ

On Tuesday, LegalZoom.com Inc. [NASDAQ:LZ] saw its stock unchanged to $6.75. Over the last five days, the stock has gained 7.66%. LegalZoom.com Inc. shares have fallen nearly -40.27% since the year began. Nevertheless, the stocks have fallen -33.82% over the past one year. While a 52-week high of $13.74 was reached on 03/13/24, a 52-week low of $5.33 was recorded on 07/10/24. SMA at 50 days reached $6.38, while 200 days put it at $9.74.

Levels Of Support And Resistance For LZ Stock

The 24-hour chart illustrates a support level at 6.66, which if violated will result in even more drops to 6.56. On the upside, there is a resistance level at 6.84. A further resistance level may holdings at 6.93. The Relative Strength Index (RSI) on the 14-day chart is 57.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.95%. Stochastics %K at 79.95% indicates the stock is a holding.

How much short interest is there in LegalZoom.com Inc.?

A steep rise in short interest was recorded in LegalZoom.com Inc. stocks on 2024-08-30, dropping by 26056.0 shares to a total of 4.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 4.3 million shares. There was a decline of -0.61%, which implies that there is a negative sentiment for the stock.

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