In a filing, Zoom Communications Inc revealed its Officer Kelly Steckelberg acquired Company’s shares for reported $34.58 million on Nov 27 ’24. In the deal valued at $83.41 per share,414,582 shares were bought.
Then, Yuan Eric S. sold 178,571 shares, generating $13,734,554 in total proceeds. Upon selling the shares at $76.91, the Chief Executive Officer now owns 0 shares.
Before that, Yuan Eric S. sold 83,333 shares. Zoom Communications Inc shares valued at $6,637,131 were divested by the Chief Executive Officer at a price of $79.65 per share. As a result of the transaction, Yuan Eric S. now holds 0 shares, worth roughly $0.0.
Evercore ISI upgraded its Zoom Communications Inc [ZM] rating to an Outperform from a an In-line in a research note published on November 26, 2024; the price target was increased to $115 from $70. Rosenblatt also remained covering ZM and has increased its forecast on April 18, 2024 with a “Buy” recommendation from previously “Neutral” rating. Jefferies started covering the stock on March 19, 2024. It rated ZM as “a Hold”.
Price Performance Review of ZM
On Friday, Zoom Communications Inc [NASDAQ:ZM] saw its stock fall -3.13% to $82.69. Over the last five days, the stock has gained 1.83%. Zoom Communications Inc shares have risen nearly 14.99% since the year began. Nevertheless, the stocks have risen 21.69% over the past one year. While a 52-week high of $92.80 was reached on 11/25/24, a 52-week low of $55.06 was recorded on 08/12/24. SMA at 50 days reached $74.86, while 200 days put it at $65.62.
Levels Of Support And Resistance For ZM Stock
The 24-hour chart illustrates a support level at 81.47, which if violated will result in even more drops to 80.25. On the upside, there is a resistance level at 84.78. A further resistance level may holdings at 86.87. The Relative Strength Index (RSI) on the 14-day chart is 55.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.06%. Stochastics %K at 45.57% indicates the stock is a holding.
How much short interest is there in Zoom Communications Inc?
A steep rise in short interest was recorded in Zoom 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.
