Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Zoom Video Communications Inc shares valued at $854,507 were sold by Chadwick Jonathan on Oct 14 ’24. At $68.36 per share, Chadwick Jonathan sold 12,500 shares. The insider’s holdings dropped to 1,514 shares worth approximately $0.1 million following the completion of this transaction.
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Also, Bawa Aparna sold 10,520 shares, netting a total of over 721,529 in proceeds. Following the sale of shares at $68.59 each, the insider now holds 1,978 shares.
Before that, Aparna Bawa had added 10,520 shares to its account. In a trade valued at $747,656, the Officer bought Zoom Video Communications Inc shares for $71.07 each.
As published in a research note from Rosenblatt on April 18, 2024, Zoom Video Communications Inc [ZM] has been rated up from a Neutral to a Buy and the price target has been revised to $75. Analysts at Jefferies started covering the stock with ‘”a Hold”‘ outlook in a report released in mid March. As of January 18, 2024, Exane BNP Paribas has decreased its “Neutral” rating to a “an Underperform” for ZM. Earlier on December 20, 2023, Wells Fargo downgraded its rating. Their new recommendation was “an Underweight” for ZM stock which previously was a “an Equal weight”.
Analyzing ZM Stock Performance
During the last five days, there has been a drop of approximately -1.49%. Over the course of the year, Zoom Video Communications Inc shares have dropped approximately -4.14%. Shares of the company reached a 52-week high of $72.36 on 08/26/24 and a 52-week low of $55.06 on 08/12/24. A 50-day SMA is recorded $66.11, while a 200-day SMA reached $63.81. Nevertheless, trading volume fell to 1.94 million shares from 2.74 million shares the previous day.
Support And Resistance Levels for Zoom Video Communications Inc (ZM)
According to the 24-hour chart, there is a support level at 68.29, which, if violated, would cause prices to drop to 67.65. In the upper region, resistance lies at 69.33. The next price resistance is at 69.73. RSI (Relative Strength Index) is 53.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.49, which suggests the price will decrease in the coming days. Percent R is at 55.06%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
