Company Shares of Zendesk (NYSE:ZEN) Rally 5.15%

Zendesk (NYSE:ZEN) : Traders are bullish on Zendesk (NYSE:ZEN) as it has outperformed the S&P 500 by a wide margin of 3.09% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.82%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.15% in the last 1 week, and is up 4.76% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The company shares have rallied 31.07% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $28.23 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $26.26 and the 200 Day Moving Average price is recorded at $22.66.

The stock has recorded a 20-day Moving Average of 5.42% and the 50-Day Moving Average is 11.69%.


Zendesk (NYSE:ZEN): stock turned positive on Friday. Though the stock opened at $27.25, the bulls momentum made the stock top out at $28.23 level for the day. The stock recorded a low of $27.25 and closed the trading day at $28.18, in the green by 3.83%. The total traded volume for the day was 1,307,973. The stock had closed at $27.14 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the Officer (Svp Of Product Development) of Zendesk, Inc., Mcdermott Adrian had sold 4,164 shares worth of $114,968 in a transaction dated June 23, 2016. In this transaction, 4,164 shares were sold at $27.61 per share.

Zendesk, Inc. (Zendesk) is a software development company. The Company provides software as a service (SaaS) customer service platform. The Company answers customers questions and solves their problems through email, chat, voice, social media and Websites. Its platform also helps people find answers on their own through knowledge bases and communities. The Companys platform consolidates the data from customer interactions and provides organizations with analytics and performance benchmarking. The Company, through its subsidiary Zopim, provides live chat software as a standalone service and as an integrated service with its customer service platform for chat-enabled agents. The Company also offers freemium plans for its customer service platform and live chat software, as well as email collaboration software. Its customers are located in 150 countries and territories and provide service through its customer service platform in over 40 languages.

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