Zoom Communications Inc’s recently made public that its Chief Accounting Officer Crehan Shane unloaded Company’s shares for reported $0.13 million on Dec 10 ’24. In the deal valued at $84.94 per share,1,551 shares were sold. As a result of this transaction, Crehan Shane now holds 3,251 shares worth roughly $0.28 million.
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Then, Sankarlingam Velchamy sold 3,618 shares, generating $307,309 in total proceeds. Upon selling the shares at $84.94, the Pres. of Engineering & Product now owns 107,826 shares.
Before that, Shane Crehan bought 1,551 shares. Zoom Communications Inc shares valued at $131,740 were divested by the Officer at a price of $84.94 per share.
Evercore ISI upgraded its Zoom Communications Inc [ZM] rating to an Outperform from a an In-line in a research note published on November 26, 2024; the price target was increased to $115 from $70. Rosenblatt also remained covering ZM and has increased its forecast on April 18, 2024 with a “Buy” recommendation from previously “Neutral” rating. Jefferies started covering the stock on March 19, 2024. It rated ZM as “a Hold”.
Price Performance Review of ZM
On Tuesday, Zoom Communications Inc [NASDAQ:ZM] saw its stock jump 0.95% to $84.60. Over the last five days, the stock has gained 0.92%. Zoom Communications Inc shares have risen nearly 17.65% since the year began. Nevertheless, the stocks have risen 18.21% over the past one year. While a 52-week high of $92.80 was reached on 11/25/24, a 52-week low of $55.06 was recorded on 08/12/24. SMA at 50 days reached $78.70, while 200 days put it at $66.76.
Levels Of Support And Resistance For ZM Stock
The 24-hour chart illustrates a support level at 83.20, which if violated will result in even more drops to 81.80. On the upside, there is a resistance level at 85.35. A further resistance level may holdings at 86.10. The Relative Strength Index (RSI) on the 14-day chart is 54.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.35%. Stochastics %K at 36.51% indicates the stock is a holding.
How much short interest is there in Zoom Communications Inc?
A steep rise in short interest was recorded in Zoom Communications Inc stocks on 2024-10-31, growing by 1.18 million shares to a total of 9.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 7.91 million shares. There was a rise of 12.98%, which implies that there is a positive sentiment for the stock.
