Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Zuora Inc shares valued at $170,809 were sold by HIRSCH PETER on Oct 15 ’24. At $9.06 per share, HIRSCH PETER sold 18,855 shares. The insider’s holdings dropped to 19,279 shares worth approximately $0.19 million following the completion of this transaction.
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Also, PETER D HIRSCH purchased 18,855 shares, netting a total of over 169,129 in proceeds.
Before that, Dobson Matthew R had sold 2,994 shares from its account. In a trade valued at $24,981, the Chief Accounting Officer traded Zuora Inc shares for $8.34 each. Upon closing the transaction, the insider’s holdings decreased to 2,994 shares, worth approximately $0.74 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 -0.90%. Over the course of the year, Zuora Inc shares have jumped approximately 5.00%. 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 $8.87, while a 200-day SMA reached $9.10. Nevertheless, trading volume fell to 3.59 million shares from 3.74 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 9.85, which, if violated, would cause prices to drop to 9.83. In the upper region, resistance lies at 9.90. The next price resistance is at 9.93. RSI (Relative Strength Index) is 75.08 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.53, which suggests the price will decrease in the coming days. Percent R is at 11.56%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
