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An Analysis of Zuora Inc (ZUO)’s Potential Price Growth

In a filing, Zuora Inc revealed its Director HARKEY JOHN D JR unloaded Company’s shares for reported $2.34 million on Nov 06 ’24. In the deal valued at $9.90 per share,236,218 shares were sold. As a result of this transaction, HARKEY JOHN D JR now holds 201,000 shares worth roughly $2.0 million.

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Then, HIRSCH PETER sold 18,855 shares, generating $170,809 in total proceeds. Upon selling the shares at $9.06, the Chief Product & Tech Officer now owns 19,279 shares.

Before that, PETER D HIRSCH bought 18,855 shares. Zuora Inc shares valued at $169,129 were divested by the Officer at a price of $8.97 per share.

Craig Hallum downgraded its Zuora Inc [ZUO] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in late January from “a Neutral” to “a Buy”. Robert W. Baird began covering ZUO with “Neutral” recommendation on July 13, 2023. Lake Street started covering the stock on January 31, 2023. It rated ZUO as “a Buy”.

Price Performance Review of ZUO

On Monday, Zuora Inc [NYSE:ZUO] saw its stock jump 0.10% to $9.93. Over the last five days, the stock has lost -0.20%. Zuora Inc shares have risen nearly 5.64% since the year began. Nevertheless, the stocks have risen 11.70% over the past one year. While a 52-week high of $10.85 was reached on 05/23/24, a 52-week low of $7.70 was recorded on 02/29/24. SMA at 50 days reached $9.76, while 200 days put it at $9.33.

Levels Of Support And Resistance For ZUO Stock

The 24-hour chart illustrates a support level at 9.92, which if violated will result in even more drops to 9.90. On the upside, there is a resistance level at 9.94. A further resistance level may holdings at 9.94. The Relative Strength Index (RSI) on the 14-day chart is 58.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been 70.00 at 70.00%. Stochastics %K at 34.48% indicates the stock is a holding.

How much short interest is there in Zuora Inc?

A steep rise in short interest was recorded in Zuora Inc stocks on 2024-11-15, dropping by -2.42 million shares to a total of 3.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 5.84 million shares. There was a decline of -71.05%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on October 21, 2022 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $9 price target.

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