Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Zillow Group Inc shares valued at $1,386,629 were purchased by Bohutinsky Amy on Sep 18 ’24. At $67.23 per share, Bohutinsky Amy acquired 20,625 shares.
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Also, Cormier Thielke Claire sold 2,826 shares, netting a total of over 172,697 in proceeds. Following the sale of shares at $61.11 each, the insider now holds 2,826 shares.
Before that, Cormier Thielke Claire had added 2,826 shares to its account. In a trade valued at $172,697, the Director bought Zillow Group Inc shares for $61.11 each.
As published in a research note from Wedbush on September 16, 2024, Zillow Group Inc [ZG] has been rated up from a Neutral to an Outperform and the price target has been revised to $80 from $50. Analysts at Cantor Fitzgerald started covering the stock with ‘”a Neutral”‘ outlook in a report released in early September. As of January 10, 2024, BofA Securities has decreased its “Buy” rating to a “Neutral” for ZG. Earlier on December 12, 2023, JMP Securities upgraded its rating. Their new recommendation was “a Mkt outperform” for ZG stock which previously was a “a Mkt perform”.
Analyzing ZG Stock Performance
During the last five days, there has been a surge of approximately 16.67%. Over the course of the year, Zillow Group Inc shares have jumped approximately 11.42%. Shares of the company reached a 52-week high of $65.60 on 09/18/24 and a 52-week low of $38.06 on 05/02/24. A 50-day SMA is recorded $51.00, while a 200-day SMA reached $48.93. Nevertheless, trading volume fell to 1.31 million shares from 0.91 million shares the previous day.
Support And Resistance Levels for Zillow Group Inc (ZG)
According to the 24-hour chart, there is a support level at 60.30, which, if violated, would cause prices to drop to 57.40. In the upper region, resistance lies at 65.85. The next price resistance is at 68.50. RSI (Relative Strength Index) is 77.89 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.31, which suggests the price will increase in the coming days. Percent R is at 16.62%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
