Zoom Video Communications Inc’s recently made public that its Director Chadwick Jonathan unloaded Company’s shares for reported $0.85 million on Oct 14 ’24. In the deal valued at $68.36 per share,12,500 shares were sold. As a result of this transaction, Chadwick Jonathan now holds 1,514 shares worth roughly $0.11 million.
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Then, Bawa Aparna sold 10,520 shares, generating $721,529 in total proceeds. Upon selling the shares at $68.59, the Chief Operating Officer now owns 1,978 shares.
Before that, Aparna Bawa bought 10,520 shares. Zoom Video Communications Inc shares valued at $747,656 were divested by the Officer at a price of $71.07 per share.
A number of analysts have revised their coverage, including Rosenblatt’s analysts, who increased its forecast for the stock in mid April from “a Neutral” to “a Buy”. Jefferies began covering ZM with “Hold” recommendation on March 19, 2024. Exane BNP Paribas revised its rating on January 18, 2024. It rated ZM as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of ZM
On Friday, Zoom Video Communications Inc [NASDAQ:ZM] saw its stock jump 0.46% to $70.52. Over the last five days, the stock has lost -0.23%. Zoom Video Communications Inc shares have fallen nearly -1.93% since the year began. Nevertheless, the stocks have risen 11.99% 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 $66.69, while 200 days put it at $63.83.
Levels Of Support And Resistance For ZM Stock
The 24-hour chart illustrates a support level at 70.20, which if violated will result in even more drops to 69.88. On the upside, there is a resistance level at 70.79. A further resistance level may holdings at 71.06. The Relative Strength Index (RSI) on the 14-day chart is 59.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.32%. Stochastics %K at 65.77% 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 2024-09-30, dropping by -2.6 million shares to a total of 7.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 10.51 million shares. There was a decline of -32.87%, which implies that there is a negative sentiment for the stock.
