Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. LegalZoom.com Inc shares valued at $1,306,051 were purchased by Wernikoff Daniel A on Aug 13 ’24. At $5.77 per share, Wernikoff Daniel A acquired 226,190 shares.
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Also, Miller Nicole sold 13,727 shares, netting a total of over 125,877 in proceeds. Following the sale of shares at $9.17 each, the insider now holds 338,956 shares.
Before that, Watson Noel Bertram had sold 25,000 shares from its account. In a trade valued at $236,000, the Chief Financial Officer traded LegalZoom.com Inc shares for $9.44 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $6.2 million.
As published in their initiating research note from UBS on December 06, 2024, LegalZoom.com Inc [LZ] has been a Neutral and the price target has been revised to $9. Analysts at JP Morgan downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in early November. As of September 16, 2024, William Blair has initiated its “Mkt perform” rating for LZ. Earlier on July 31, 2024, Jefferies upgraded its rating. Their new recommendation was “a Buy” for LZ stock which previously was a “a Hold”.
Analyzing LZ Stock Performance
During the last five days, there has been a surge of approximately 2.86%. Over the course of the year, LegalZoom.com Inc shares have dropped approximately -26.73%. Shares of the company reached a 52-week high of $13.74 on 03/13/24 and a 52-week low of $5.33 on 07/10/24. A 50-day SMA is recorded $7.51, while a 200-day SMA reached $8.66. Nevertheless, trading volume fell to 0.86 million shares from 0.89 million shares the previous day.
Support And Resistance Levels for LegalZoom.com Inc (LZ)
According to the 24-hour chart, there is a support level at 8.20, which, if violated, would cause prices to drop to 8.11. In the upper region, resistance lies at 8.42. The next price resistance is at 8.55. RSI (Relative Strength Index) is 59.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.22, which suggests the price will decrease in the coming days. Percent R is at 28.31%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
