Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Zoom Communications Inc shares valued at $2,008,195 were sold by Chadwick Jonathan on Jan 15 ’25. At $80.33 per share, Chadwick Jonathan sold 25,000 shares. The insider’s holdings dropped to 1,514 shares worth approximately $0.12 million following the completion of this transaction.
Also, Bawa Aparna sold 12,075 shares, netting a total of over 955,796 in proceeds. Following the sale of shares at $79.15 each, the insider now holds 1,978 shares.
Before that, Yuan Eric S. had sold 118,036 shares from its account. In a trade valued at $9,328,255, the Chief Executive Officer traded Zoom Communications Inc shares for $79.03 each. Upon closing the transaction, the insider’s holdings decreased to 118,036 shares, worth approximately $0.0.
As published in their initiating research note from Cantor Fitzgerald on January 17, 2025, Zoom Communications Inc [ZM] has been a Neutral and the price target has been revised to $87. Analysts at Wells Fargo upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early January. As of December 19, 2024, Jefferies has increased its “Hold” rating to a “Buy” for ZM. Earlier on November 26, 2024, Evercore ISI upgraded its rating. Their new recommendation was “an Outperform” for ZM stock which previously was a “an In-line”.
Analyzing ZM Stock Performance
During the last five days, there has been a surge of approximately 0.10%. Over the course of the year, Zoom Communications Inc shares have dropped approximately -2.86%. Shares of the company reached a 52-week high of $84.19 on 01/06/25 and a 52-week low of $77.60 on 01/21/25. A 50-day SMA is recorded $82.72, while a 200-day SMA reached $68.44. Nevertheless, trading volume fell to 2.29 million shares from 2.47 million shares the previous day.
Support And Resistance Levels for Zoom Communications Inc (ZM)
According to the 24-hour chart, there is a support level at 78.45, which, if violated, would cause prices to drop to 77.61. In the upper region, resistance lies at 79.74. The next price resistance is at 80.19. RSI (Relative Strength Index) is 43.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.49, which suggests the price will decrease in the coming days. Percent R is at 74.51%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
