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. ZoomInfo Technologies Inc shares valued at $3,213,965 were sold by Winn David Randall on Dec 03 ’24. At $11.06 per share, Winn David Randall sold 290,541 shares. The insider’s holdings dropped to 1,266,807 shares worth approximately $13.9 million following the completion of this transaction.
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Also, Winn David Randall sold 209,459 shares, netting a total of over 2,309,265 in proceeds. Following the sale of shares at $11.02 each, the insider now holds 1,057,348 shares.
Before that, Dasdan Ali had sold 4,898 shares from its account. In a trade valued at $53,912, the Chief Technology Officer traded ZoomInfo Technologies Inc shares for $11.01 each. Upon closing the transaction, the insider’s holdings decreased to 4,898 shares, worth approximately $1.3 million.
As published in their initiating research note from Scotiabank on November 19, 2024, ZoomInfo Technologies Inc [ZI] has been a Sector perform and the price target has been revised to $10.30. Analysts at Daiwa Securities downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid August. As of August 06, 2024, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for ZI. Earlier on August 06, 2024, KeyBanc Capital Markets downgraded its rating. Their new recommendation was “a Sector weight” for ZI stock which previously was a “an Overweight”.
Analyzing ZI Stock Performance
During the last five days, there has been a drop of approximately -0.27%. Over the course of the year, ZoomInfo Technologies Inc shares have dropped approximately -40.67%. Shares of the company reached a 52-week high of $18.69 on 02/14/24 and a 52-week low of $7.65 on 08/06/24. A 50-day SMA is recorded $10.66, while a 200-day SMA reached $12.39. Nevertheless, trading volume fell to 4.12 million shares from 1.24 million shares the previous day.
Support And Resistance Levels for ZoomInfo Technologies Inc (ZI)
According to the 24-hour chart, there is a support level at 10.86, which, if violated, would cause prices to drop to 10.75. In the upper region, resistance lies at 11.16. The next price resistance is at 11.35. RSI (Relative Strength Index) is 51.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.36, which suggests the price will decrease in the coming days. Percent R is at 24.48%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
