Zoom Video Communications Inc’s recent filing unveils that its Chief Financial Officer Steckelberg Kelly unloaded Company’s shares for reported $0.6 million on Oct 02 ’24. In the deal valued at $67.79 per share,8,901 shares were sold. As a result of this transaction, Steckelberg Kelly now holds 0 shares worth roughly $0.0.
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Then, Steckelberg Kelly sold 8,901 shares, generating $591,671 in total proceeds. Upon selling the shares at $66.47, the Chief Financial Officer now owns 0 shares.
Before that, Kelley Steckelberg bought 62,307 shares. Zoom Video Communications Inc shares valued at $4,243,730 were divested by the Affiliate at a price of $68.11 per share.
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 2.16% to $68.66. Over the last five days, the stock has lost -1.28%. Zoom Video Communications Inc shares have fallen nearly -4.52% since the year began. Nevertheless, the stocks have risen 3.94% over the past one year. While a 52-week high of $74.77 was reached on 08/26/24, a 52-week low of $55.06 was recorded on 08/12/24. SMA at 50 days reached $64.46, while 200 days put it at $63.94.
Levels Of Support And Resistance For ZM Stock
The 24-hour chart illustrates a support level at 67.93, which if violated will result in even more drops to 67.20. On the upside, there is a resistance level at 69.04. A further resistance level may holdings at 69.42. The Relative Strength Index (RSI) on the 14-day chart is 56.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.78%. Stochastics %K at 43.36% 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 2024-09-13, growing by 0.98 million shares to a total of 9.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 8.25 million shares. There was a rise of 10.64%, which implies that there is a positive sentiment for the stock.
