Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Zillow Group Inc shares valued at $9,685,769 were purchased by Daimler Susan on Nov 19 ’24. At $74.72 per share, Daimler Susan acquired 129,626 shares.
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Also, Daimler Susan purchased 82,096 shares, netting a total of over 6,120,553 in proceeds.
Before that, Samuelson Errol G had added 11,500 shares to its account. In a trade valued at $855,626, the Officer bought Zillow Group Inc shares for $74.40 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 3.85%. Over the course of the year, Zillow Group Inc shares have jumped approximately 32.23%. Shares of the company reached a 52-week high of $75.50 on 11/20/24 and a 52-week low of $38.06 on 05/02/24. A 50-day SMA is recorded $62.73, while a 200-day SMA reached $51.27. Nevertheless, trading volume fell to 0.68 million shares from 0.77 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 73.17, which, if violated, would cause prices to drop to 71.35. In the upper region, resistance lies at 76.16. The next price resistance is at 77.33. RSI (Relative Strength Index) is 71.34 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.74, which suggests the price will increase in the coming days. Percent R is at 2.47%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
