Zendesk (ZEN) Shares are Down -2.15%

Zendesk (ZEN) has risen sharply, recording gains of 8.31% in the past 4 weeks. However, the stock has corrected -2.15% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.45% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

Zendesk (NYSE:ZEN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.18 and $27.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.16, notching a gain of 0.32% for the day. The total traded volume was 1,408,189 . The stock had closed at $28.07 on the previous day.


The stock has recorded a 20-day Moving Average of 2.51% and the 50-Day Moving Average is 7.01%. Zendesk, Inc. is up 21.48% in the last 3-month period. Year-to-Date the stock performance stands at 6.51%.

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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