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. Zoom Communications Inc shares valued at $34,580,284 were purchased by Kelly Steckelberg on Nov 27 ’24. At $83.41 per share, Kelly Steckelberg acquired 414,582 shares.
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Also, Yuan Eric S. sold 178,571 shares, netting a total of over 13,734,554 in proceeds. Following the sale of shares at $76.91 each, the insider now holds 0 shares.
Before that, Yuan Eric S. had sold 83,333 shares from its account. In a trade valued at $6,637,131, the Chief Executive Officer traded Zoom Communications Inc shares for $79.65 each. Upon closing the transaction, the insider’s holdings decreased to 83,333 shares, worth approximately $0.0.
As published in a research note from Evercore ISI on November 26, 2024, Zoom Communications Inc [ZM] has been rated up from an In-line to an Outperform and the price target has been revised to $115 from $70. As of April 18, 2024, Rosenblatt has increased its “Neutral” rating to a “Buy” for ZM. Earlier on March 19, 2024, Jefferies initiated its rating. Their recommendation was “a Hold” for ZM stock.
Analyzing ZM Stock Performance
During the last five days, there has been a surge of approximately 0.29%. Over the course of the year, Zoom Communications Inc shares have jumped approximately 16.33%. Shares of the company reached a 52-week high of $92.80 on 11/25/24 and a 52-week low of $55.06 on 08/12/24. A 50-day SMA is recorded $75.73, while a 200-day SMA reached $65.93. Nevertheless, trading volume fell to 3.14 million shares from 12.89 million shares the previous day.
Support And Resistance Levels for Zoom Communications Inc (ZM)
According to the 24-hour chart, there is a support level at 82.57, which, if violated, would cause prices to drop to 81.50. In the upper region, resistance lies at 84.43. The next price resistance is at 85.22. RSI (Relative Strength Index) is 56.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.54, which suggests the price will decrease in the coming days. Percent R is at 59.78%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
