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 $2,578,983 were sold by Yuan Eric S. on Oct 22 ’24. At $72.21 per share, Yuan Eric S. sold 35,714 shares. The insider’s holdings dropped to 21,657 shares worth approximately $1.57 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Yuan Eric S. sold 35,722 shares, netting a total of over 2,552,309 in proceeds. Following the sale of shares at $71.45 each, the insider now holds 57,371 shares.
Before that, Eric S. Yuan had added 214,292 shares to its account. In a trade valued at $15,465,454, the Other: Chief Executive Officer bought Zoom Video Communications Inc shares for $72.17 each.
Analysts at Rosenblatt upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid April. As of March 19, 2024, Jefferies has initiated its “Hold” rating for ZM. Earlier on January 18, 2024, Exane BNP Paribas downgraded its rating. Their new recommendation was “an Underperform” for ZM stock which previously was a “a Neutral”.
Analyzing ZM Stock Performance
During the last five days, there has been a surge of approximately 5.24%. Over the course of the year, Zoom Video Communications Inc shares have jumped approximately 0.88%. Shares of the company reached a 52-week high of $73.18 on 10/23/24 and a 52-week low of $55.06 on 08/12/24. A 50-day SMA is recorded $67.66, while a 200-day SMA reached $63.90. Nevertheless, trading volume fell to 2.65 million shares from 2.71 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 71.81, which, if violated, would cause prices to drop to 71.07. In the upper region, resistance lies at 73.23. The next price resistance is at 73.91. RSI (Relative Strength Index) is 65.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.34, which suggests the price will increase in the coming days. Percent R is at 10.32%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
