Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Zoom Video Communications Inc shares valued at $13,734,554 were sold by Yuan Eric S. on Nov 05 ’24. At $76.91 per share, Yuan Eric S. sold 178,571 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Yuan Eric S. sold 83,333 shares, netting a total of over 6,637,131 in proceeds. Following the sale of shares at $79.65 each, the insider now holds 0 shares.
Before that, Eric S. Yuan had added 285,714 shares to its account. In a trade valued at $22,214,264, the Other: Chief Executive Officer bought Zoom Video Communications Inc shares for $77.75 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 7.29%. Over the course of the year, Zoom Video Communications Inc shares have jumped approximately 11.51%. Shares of the company reached a 52-week high of $80.47 on 11/07/24 and a 52-week low of $55.06 on 08/12/24. A 50-day SMA is recorded $70.23, while a 200-day SMA reached $64.28. Nevertheless, trading volume fell to 2.29 million shares from 3.88 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 79.00, which, if violated, would cause prices to drop to 77.80. In the upper region, resistance lies at 80.93. The next price resistance is at 81.66. RSI (Relative Strength Index) is 80.89 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.22, which suggests the price will increase in the coming days. Percent R is at 2.73%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
