Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Zuora Inc shares valued at $24,981 were sold by Dobson Matthew R on Oct 03 ’24. At $8.34 per share, Dobson Matthew R sold 2,994 shares. The insider’s holdings dropped to 74,536 shares worth approximately $0.63 million following the completion of this transaction.
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Also, Cohen Andrew M. sold 20,773 shares, netting a total of over 173,322 in proceeds. Following the sale of shares at $8.34 each, the insider now holds 172,033 shares.
Before that, McElhatton Todd had sold 51,879 shares from its account. In a trade valued at $432,858, the Chief Financial Officer traded Zuora Inc shares for $8.34 each. Upon closing the transaction, the insider’s holdings decreased to 51,879 shares, worth approximately $3.02 million.
As published in a research note from Craig Hallum on July 08, 2024, Zuora Inc [ZUO] has been rated down from a Buy to a Hold and the price target has been revised to $10. Analysts at Goldman upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late January. As of July 13, 2023, Robert W. Baird has initiated its “Neutral” rating for ZUO. Earlier on January 31, 2023, Lake Street initiated its rating. Their recommendation was “a Buy” for ZUO stock.
Analyzing ZUO Stock Performance
During the last five days, there has been a drop of approximately -2.76%. Over the course of the year, Zuora Inc shares have dropped approximately -10.11%. Shares of the company reached a 52-week high of $10.85 on 05/23/24 and a 52-week low of $7.70 on 02/29/24. A 50-day SMA is recorded $8.70, while a 200-day SMA reached $9.07. Nevertheless, trading volume fell to 1.9 million shares from 1.28 million shares the previous day.
Support And Resistance Levels for Zuora Inc (ZUO)
According to the 24-hour chart, there is a support level at 8.30, which, if violated, would cause prices to drop to 8.16. In the upper region, resistance lies at 8.52. The next price resistance is at 8.60. RSI (Relative Strength Index) is 42.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.24, which suggests the price will decrease in the coming days. Percent R is at 77.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
