ZM Zoom Video reached our Buy Area: As you can see in the chart, Zoom Video Communications, Inc. (ZM) reached our price target!
Friday, before the close, at 16:29:37 someone bought 20300 ZM shares at $72.29 for about 1.5Mil. But that`s not all! Also before the bell i saw 9K calls worth 1.4Mil, with the following characteristics: 2022-10-21 expiration date (this Friday!) $73.10 entry price $75 strike price $1.55 premium paid. In order not to expire worthless, the shock should reach $76.55!
The stock was $72.29 at the close and i think it is primed for a comeback! ZM Zoom Video is the 2nd biggest holding of Ark Invest with 1.03Bil invested their average entry price being $274.87! the stock is now only $72.29. ZM stock lost 87.85% from its all time high. I think this could be The bottom.
On 8/23/2022 The Goldman Sachs Group set a Price Target of $122.00 for ZM Zoom Video.
My short term Price Target is the $106 resistance.
Looking forward to read your opinion about it.
註釋
ZM calls are $5.40 now from $1.55 when i wrote the article.