The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Zillow Group Inc shares valued at $442,664 were purchased by Wacksman Jeremy on Nov 13 ’24. At $73.96 per share, Wacksman Jeremy acquired 5,985 shares.
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Also, Spaulding Dan purchased 2,990 shares, netting a total of over 221,238 in proceeds.
Before that, Samuelson Errol G had added 6,957 shares to its account. In a trade valued at $514,603, the Officer bought Zillow Group Inc shares for $73.97 each.
As published in a research note from Wedbush on September 16, 2024, Zillow Group Inc [ZG] has been rated up from a Neutral to an Outperform and the price target has been revised to $80 from $50. Analysts at Cantor Fitzgerald started covering the stock with ‘”a Neutral”‘ outlook in a report released in early September. As of January 10, 2024, BofA Securities has decreased its “Buy” rating to a “Neutral” for ZG. Earlier on December 12, 2023, JMP Securities upgraded its rating. Their new recommendation was “a Mkt outperform” for ZG stock which previously was a “a Mkt perform”.
Analyzing ZG Stock Performance
During the last five days, there has been a surge of approximately 28.78%. Over the course of the year, Zillow Group Inc shares have jumped approximately 27.33%. Shares of the company reached a 52-week high of $73.89 on 11/12/24 and a 52-week low of $38.06 on 05/02/24. A 50-day SMA is recorded $60.80, while a 200-day SMA reached $50.85. Nevertheless, trading volume fell to 0.78 million shares from 0.51 million shares the previous day.
Support And Resistance Levels for Zillow Group Inc (ZG)
According to the 24-hour chart, there is a support level at 70.77, which, if violated, would cause prices to drop to 69.33. In the upper region, resistance lies at 73.40. The next price resistance is at 74.59. RSI (Relative Strength Index) is 69.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.67, which suggests the price will increase in the coming days. Percent R is at 8.88%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
