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 $1,846,250 were purchased by JONATHAN CHADWICK on Oct 29 ’24. At $73.85 per share, JONATHAN CHADWICK acquired 25,000 shares.
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Also, Yuan Eric S. sold 35,714 shares, netting a total of over 2,578,983 in proceeds. Following the sale of shares at $72.21 each, the insider now holds 21,657 shares.
Before that, Yuan Eric S. had sold 35,722 shares from its account. In a trade valued at $2,552,309, the Chief Executive Officer traded Zoom Video Communications Inc shares for $71.45 each. Upon closing the transaction, the insider’s holdings decreased to 35,722 shares, worth approximately $4.29 million.
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 3.09%. Over the course of the year, Zoom Video Communications Inc shares have jumped approximately 3.99%. Shares of the company reached a 52-week high of $75.96 on 10/29/24 and a 52-week low of $55.06 on 08/12/24. A 50-day SMA is recorded $69.21, while a 200-day SMA reached $64.03. Nevertheless, trading volume fell to 2.0 million shares from 3.57 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 74.40, which, if violated, would cause prices to drop to 74.01. In the upper region, resistance lies at 75.50. The next price resistance is at 76.21. RSI (Relative Strength Index) is 69.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.07, which suggests the price will increase in the coming days. Percent R is at 14.19%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
