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 $612,473 were purchased by Hofmann Jeremy on Nov 27 ’24. At $85.36 per share, Hofmann Jeremy acquired 7,175 shares.
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Also, Hofmann Jeremy sold 7,175 shares, netting a total of over 612,473 in proceeds. Following the sale of shares at $85.36 each, the insider now holds 99,362 shares.
Before that, Cormier Thielke Claire had sold 10,353 shares from its account. In a trade valued at $863,510, the Director traded Zillow Group Inc shares for $83.41 each. Upon closing the transaction, the insider’s holdings decreased to 10,353 shares, worth approximately $0.24 million.
As published in their initiating research note from Gordon Haskett on April 18, 2023, Zillow Group Inc [Z] has been a Hold. As of August 03, 2020, Standpoint Research has decreased its “Buy” rating to a “Hold” for Z. Earlier on June 08, 2020, Needham upgraded its rating. Their new recommendation was “a Buy” for Z stock which previously was a “a Hold”.
Analyzing Z Stock Performance
During the last five days, there has been a surge of approximately 9.72%. Over the course of the year, Zillow Group Inc shares have jumped approximately 47.68%. Shares of the company reached a 52-week high of $86.37 on 11/25/24 and a 52-week low of $38.45 on 05/02/24. A 50-day SMA is recorded $67.09, while a 200-day SMA reached $53.47. Nevertheless, trading volume fell to 2.11 million shares from 4.01 million shares the previous day.
Support And Resistance Levels for Zillow Group Inc (Z)
According to the 24-hour chart, there is a support level at 84.42, which, if violated, would cause prices to drop to 83.39. In the upper region, resistance lies at 86.23. The next price resistance is at 87.02. RSI (Relative Strength Index) is 79.33 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.80, which suggests the price will increase in the coming days. Percent R is at 5.50%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
