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LegalZoom.com Inc (LZ) Becoming More Attractive for Investors

LegalZoom.com Inc’s recently made public that its Former CEO Wernikoff Daniel A acquired Company’s shares for reported $1.31 million on Aug 13 ’24. In the deal valued at $5.77 per share,226,190 shares were bought.

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Then, Miller Nicole sold 13,727 shares, generating $125,877 in total proceeds. Upon selling the shares at $9.17, the CHIEF LEGAL OFFICER now owns 338,956 shares.

Before that, Watson Noel Bertram sold 25,000 shares. LegalZoom.com Inc shares valued at $236,000 were divested by the Chief Financial Officer at a price of $9.44 per share. As a result of the transaction, Watson Noel Bertram now holds 748,912 shares, worth roughly $6.31 million.

JP Morgan downgraded its LegalZoom.com Inc [LZ] rating to an Underweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in mid September with a ‘”a Mkt perform”‘ rating. Jefferies also remained covering LZ and has increased its forecast on July 31, 2024 with a “Buy” recommendation from previously “Hold” rating. JP Morgan revised its rating on July 10, 2024. It rated LZ as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of LZ

On Tuesday, LegalZoom.com Inc [NASDAQ:LZ] saw its stock jump 0.36% to $8.42. Over the last five days, the stock has gained 11.38%. LegalZoom.com Inc shares have fallen nearly -25.49% since the year began. Nevertheless, the stocks have fallen -22.47% over the past one year. While a 52-week high of $13.74 was reached on 03/13/24, a 52-week low of $5.33 was recorded on 07/10/24. SMA at 50 days reached $6.90, while 200 days put it at $8.94.

Levels Of Support And Resistance For LZ Stock

The 24-hour chart illustrates a support level at 8.34, which if violated will result in even more drops to 8.25. On the upside, there is a resistance level at 8.51. A further resistance level may holdings at 8.60. The Relative Strength Index (RSI) on the 14-day chart is 67.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.80%. Stochastics %K at 64.68% indicates the stock is a holding.

How much short interest is there in LegalZoom.com Inc?

A steep rise in short interest was recorded in LegalZoom.com Inc stocks on 2024-10-15, dropping by -0.92 million shares to a total of 3.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.16 million shares. There was a decline of -28.45%, which implies that there is a negative sentiment for the stock.

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