Zoom Communications Inc’s recently made public that its Chief Executive Officer Yuan Eric S. unloaded Company’s shares for reported $7.19 million on Feb 04 ’25. In the deal valued at $86.28 per share,83,332 shares were sold. As a result of this transaction, Yuan Eric S. now holds 0 shares worth roughly $0.0.
Then, Yuan Eric S. sold 83,332 shares, generating $7,176,268 in total proceeds. Upon selling the shares at $86.12, the Chief Executive Officer now owns 0 shares.
Before that, Chadwick Jonathan sold 25,000 shares. Zoom Communications Inc shares valued at $2,008,195 were divested by the Director at a price of $80.33 per share. As a result of the transaction, Chadwick Jonathan now holds 1,514 shares, worth roughly $0.13 million.
Cantor Fitzgerald initiated its Zoom Communications Inc [ZM] rating to a Neutral in a research note published on January 17, 2025; the price target was $87. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in early January from “an Underweight” to “an Equal weight”. Jefferies also remained covering ZM and has increased its forecast on December 19, 2024 with a “Buy” recommendation from previously “Hold” rating. Evercore ISI revised its rating on November 26, 2024. It rated ZM as “an Outperform” which previously was an “an In-line”.
Price Performance Review of ZM
On Monday, Zoom Communications Inc [NASDAQ:ZM] saw its stock jump 1.14% to $87.10. Over the last five days, the stock has gained 1.14%. Zoom Communications Inc shares have risen nearly 6.73% since the year began. Nevertheless, the stocks have risen 36.35% over the past one year. While a 52-week high of $92.80 was reached on 01/28/25, a 52-week low of $55.06 was recorded on 01/23/25. SMA at 50 days reached $83.45, while 200 days put it at $70.01.
Levels Of Support And Resistance For ZM Stock
The 24-hour chart illustrates a support level at 86.14, which if violated will result in even more drops to 85.19. On the upside, there is a resistance level at 88.34. A further resistance level may holdings at 89.58. The Relative Strength Index (RSI) on the 14-day chart is 61.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.66, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.38%. Stochastics %K at 81.92% indicates the stock is a selling.
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.
