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 $131,740 were sold by Crehan Shane on Dec 10 ’24. At $84.94 per share, Crehan Shane sold 1,551 shares. The insider’s holdings dropped to 3,251 shares worth approximately $0.28 million following the completion of this transaction.
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Also, Sankarlingam Velchamy sold 3,618 shares, netting a total of over 307,309 in proceeds. Following the sale of shares at $84.94 each, the insider now holds 107,826 shares.
Before that, Shane Crehan had added 1,551 shares to its account. In a trade valued at $131,740, the Officer bought Zoom Communications Inc shares for $84.94 each.
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 3.51%. Over the course of the year, Zoom Communications Inc shares have jumped approximately 20.41%. 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 $77.35, while a 200-day SMA reached $66.47. Nevertheless, trading volume fell to 3.49 million shares from 3.73 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 84.75, which, if violated, would cause prices to drop to 82.90. In the upper region, resistance lies at 87.62. The next price resistance is at 88.64. RSI (Relative Strength Index) is 60.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.87, which suggests the price will decrease in the coming days. Percent R is at 44.68%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
