Zillow Group Inc’s recent filing unveils that its Former Affiliate Daimler Susan acquired Company’s shares for reported $12.49 million on Dec 11 ’24. In the deal valued at $82.41 per share,151,601 shares were bought.
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Then, Daimler Susan bought 88,010 shares, generating $7,277,585 in total proceeds.
Before that, Rock Jennifer sold 3,033 shares. Zillow Group Inc shares valued at $251,072 were divested by the Chief Accounting Officer at a price of $82.78 per share. As a result of the transaction, Rock Jennifer now holds 57,166 shares, worth roughly $4.22 million.
Wedbush upgraded its Zillow Group Inc [ZG] rating to an Outperform from a a Neutral in a research note published on September 16, 2024; the price target was increased to $80 from $50. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in early September with a ‘”a Neutral”‘ rating. BofA Securities also remained covering ZG and has decreased its forecast on January 10, 2024 with a “Neutral” recommendation from previously “Buy” rating. JMP Securities revised its rating on December 12, 2023. It rated ZG as “a Mkt outperform” which previously was an “a Mkt perform”.
Price Performance Review of ZG
On Tuesday, Zillow Group Inc [NASDAQ:ZG] saw its stock jump 0.57% to $73.80. Over the last five days, the stock has lost -4.59%. Zillow Group Inc shares have risen nearly 30.47% since the year began. Nevertheless, the stocks have risen 27.43% over the past one year. While a 52-week high of $83.67 was reached on 11/29/24, a 52-week low of $38.06 was recorded on 05/02/24. SMA at 50 days reached $70.36, while 200 days put it at $54.09.
Levels Of Support And Resistance For ZG Stock
The 24-hour chart illustrates a support level at 73.04, which if violated will result in even more drops to 72.29. On the upside, there is a resistance level at 74.20. A further resistance level may holdings at 74.61. The Relative Strength Index (RSI) on the 14-day chart is 47.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.77%. Stochastics %K at 24.34% indicates the stock is a holding.
How much short interest is there in Zillow Group Inc?
A steep rise in short interest was recorded in Zillow Group Inc stocks on 2024-11-29, growing by 96254.0 shares to a total of 1.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.01 million shares. There was a rise of 8.68%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 21, 2023 when Deutsche Bank began covering the stock and recommended ‘”a Buy”‘ rating along with a $50 price target.
