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 $2,090,820 were sold by Hofmann Jeremy on Dec 04 ’24. At $83.63 per share, Hofmann Jeremy sold 25,000 shares. The insider’s holdings dropped to 99,362 shares worth approximately $7.88 million following the completion of this transaction.
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Also, Cormier Thielke Claire sold 1,413 shares, netting a total of over 117,986 in proceeds. Following the sale of shares at $83.50 each, the insider now holds 1,413 shares.
Before that, Underwood April had sold 706 shares from its account. In a trade valued at $59,749, the Director traded Zillow Group Inc shares for $84.63 each. Upon closing the transaction, the insider’s holdings decreased to 706 shares, worth approximately $28075.74.
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 drop of approximately -3.13%. Over the course of the year, Zillow Group Inc shares have jumped approximately 39.83%. Shares of the company reached a 52-week high of $83.67 on 11/29/24 and a 52-week low of $38.06 on 05/02/24. A 50-day SMA is recorded $66.15, while a 200-day SMA reached $52.48. Nevertheless, trading volume fell to 0.51 million shares from 0.27 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 78.37, which, if violated, would cause prices to drop to 77.43. In the upper region, resistance lies at 80.65. The next price resistance is at 81.99. RSI (Relative Strength Index) is 67.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.49, which suggests the price will increase in the coming days. Percent R is at 31.32%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
