Zoom Video Communications Inc’s recent filing unveils that its Chief Executive Officer Yuan Eric S. unloaded Company’s shares for reported $2.58 million on Oct 22 ’24. In the deal valued at $72.21 per share,35,714 shares were sold. As a result of this transaction, Yuan Eric S. now holds 21,657 shares worth roughly $1.57 million.
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Then, Yuan Eric S. sold 35,722 shares, generating $2,552,309 in total proceeds. Upon selling the shares at $71.45, the Chief Executive Officer now owns 57,371 shares.
Before that, Eric S. Yuan bought 214,292 shares. Zoom Video Communications Inc shares valued at $15,465,454 were divested by the Other: Chief Executive Officer at a price of $72.17 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 fall -0.04% to $72.63. Over the last five days, the stock has gained 2.99%. Zoom Video Communications Inc shares have risen nearly 1.00% since the year began. Nevertheless, the stocks have risen 20.35% over the past one year. While a 52-week high of $74.77 was reached on 10/24/24, a 52-week low of $55.06 was recorded on 08/12/24. SMA at 50 days reached $68.27, while 200 days put it at $63.95.
Levels Of Support And Resistance For ZM Stock
The 24-hour chart illustrates a support level at 72.24, which if violated will result in even more drops to 71.86. On the upside, there is a resistance level at 73.38. A further resistance level may holdings at 74.14. The Relative Strength Index (RSI) on the 14-day chart is 65.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.40%. Stochastics %K at 83.77% indicates the stock is a selling.
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 2024-10-15, dropping by -0.55 million shares to a total of 8.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 9.23 million shares. There was a decline of -6.34%, which implies that there is a negative sentiment for the stock.
