Zoom Video Communications Inc’s filing revealed that its Chief Executive Officer Yuan Eric S. unloaded Company’s shares for reported $13.73 million on Nov 05 ’24. In the deal valued at $76.91 per share,178,571 shares were sold. As a result of this transaction, Yuan Eric S. now holds 0 shares worth roughly $0.0.
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Then, Yuan Eric S. sold 83,333 shares, generating $6,637,131 in total proceeds. Upon selling the shares at $79.65, the Chief Executive Officer now owns 0 shares.
Before that, Eric S. Yuan bought 285,714 shares. Zoom Video Communications Inc shares valued at $22,214,264 were divested by the Other: Chief Executive Officer at a price of $77.75 per share.
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 Monday, Zoom Video Communications Inc [NASDAQ:ZM] saw its stock fall -2.72% to $78.93. Over the last five days, the stock has lost -7.77%. Zoom Video Communications Inc shares have risen nearly 9.76% since the year began. Nevertheless, the stocks have risen 24.50% over the past one year. While a 52-week high of $87.15 was reached on 11/13/24, a 52-week low of $55.06 was recorded on 08/12/24. SMA at 50 days reached $72.31, while 200 days put it at $64.86.
Levels Of Support And Resistance For ZM Stock
The 24-hour chart illustrates a support level at 78.14, which if violated will result in even more drops to 77.34. On the upside, there is a resistance level at 80.47. A further resistance level may holdings at 82.00. The Relative Strength Index (RSI) on the 14-day chart is 55.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.07%. Stochastics %K at 53.07% indicates the stock is a holding.
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 2024-10-31, growing by 1.18 million shares to a total of 9.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 7.91 million shares. There was a rise of 12.98%, which implies that there is a positive sentiment for the stock.
