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. Zillow Group Inc shares valued at $12,493,544 were purchased by Daimler Susan on Dec 11 ’24. At $82.41 per share, Daimler Susan acquired 151,601 shares.
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Also, Daimler Susan purchased 88,010 shares, netting a total of over 7,277,585 in proceeds.
Before that, Rock Jennifer had sold 3,033 shares from its account. In a trade valued at $251,072, the Chief Accounting Officer traded Zillow Group Inc shares for $82.78 each. Upon closing the transaction, the insider’s holdings decreased to 3,033 shares, worth approximately $4.14 million.
As published in a research note from Wedbush on September 16, 2024, Zillow Group Inc [ZG] has been rated up from a Neutral to an Outperform and the price target has been revised to $80 from $50. Analysts at Cantor Fitzgerald started covering the stock with ‘”a Neutral”‘ outlook in a report released in early September. As of January 10, 2024, BofA Securities has decreased its “Buy” rating to a “Neutral” for ZG. Earlier on December 12, 2023, JMP Securities upgraded its rating. Their new recommendation was “a Mkt outperform” for ZG stock which previously was a “a Mkt perform”.
Analyzing ZG Stock Performance
During the last five days, there has been a drop of approximately -8.07%. Over the course of the year, Zillow Group Inc shares have jumped approximately 27.66%. Shares of the company reached a 52-week high of $83.67 on 11/29/24 and a 52-week low of $38.06 on 05/02/24. A 50-day SMA is recorded $69.29, while a 200-day SMA reached $53.72. Nevertheless, trading volume fell to 0.79 million shares from 0.4 million shares the previous day.
Support And Resistance Levels for Zillow Group Inc (ZG)
According to the 24-hour chart, there is a support level at 70.19, which, if violated, would cause prices to drop to 67.98. In the upper region, resistance lies at 76.46. The next price resistance is at 80.52. RSI (Relative Strength Index) is 41.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.36, which suggests the price will decrease in the coming days. Percent R is at 96.74%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
