Zoom Video Communications Inc’s filing revealed that its Director Chadwick Jonathan unloaded Company’s shares for reported $0.94 million on Oct 29 ’24. In the deal valued at $75.04 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, JONATHAN CHADWICK bought 25,000 shares, generating $1,846,250 in total proceeds.
Before that, Yuan Eric S. sold 35,714 shares. Zoom Video Communications Inc shares valued at $2,578,983 were divested by the Chief Executive Officer at a price of $72.21 per share. As a result of the transaction, Yuan Eric S. now holds 21,657 shares, worth roughly $1.64 million.
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 1.15% to $75.60. Over the last five days, the stock has gained 4.09%. Zoom Video Communications Inc shares have risen nearly 5.13% since the year began. Nevertheless, the stocks have risen 25.94% over the past one year. While a 52-week high of $75.96 was reached on 11/01/24, a 52-week low of $55.06 was recorded on 08/12/24. SMA at 50 days reached $69.65, while 200 days put it at $64.10.
Levels Of Support And Resistance For ZM Stock
The 24-hour chart illustrates a support level at 74.78, which if violated will result in even more drops to 73.95. On the upside, there is a resistance level at 76.23. A further resistance level may holdings at 76.85. The Relative Strength Index (RSI) on the 14-day chart is 71.40, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.56, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.14%. Stochastics %K at 88.67% 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.
