Barclays initates ZimVie Inc. (ZIMV) stock to an Underweight


ZimVie Inc.’s recent filing unveils that its Director CRAWFORD SALLY acquired Company’s shares for reported $0.22 million on Mar 13. In the deal valued at $5.60 per share,40,000 shares were bought. As a result of this transaction, CRAWFORD SALLY now holds 40,127 shares worth roughly $ 0.47 million.

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Then, Kidwell Heather bought 36,765 shares, generating $203,873 in total proceeds. Upon buying the shares at $5.55, the below. now owns 44,754 shares.

Before that, Jamali Vafa bought 20,000 shares. ZimVie Inc. shares valued at $111,600 were divested by the insider below. at a price of $5.58 per share. As a result of the transaction, Jamali Vafa now holds 137,273 shares, worth roughly $1.62 million.

Barclays initiated its ZimVie Inc. [ZIMV] rating to an Underweight in a research note published on Friday, December 21, 2022; the price target was $9. PT values the company’s stock at a premium of -31.33 to its Friday closing price.

Price Performance Review of ZIMV

On Friday, ZimVie Inc. [NASDAQ:ZIMV] saw its stock jump 0.17% to $11.82. On the same session, the stock had its day’s lowest price of $11.715, but rose to a high of $12.07. Over the last five days, the stock has gained 3.23%. ZimVie Inc. shares have risen nearly 26.55% since the year began. Nevertheless, the stocks have fallen -22.34% over the past one year. While a 52-week high of $15.96 was reached on 08/03/23, a 52-week low of $5.05 was recorded on 03/02/23. SMA at 50 days reached $11.99, while 200 days put it at $9.76. A total of 0.14 million shares were traded, compared to the trading of 97100.0 shares in the previous session.

Levels Of Support And Resistance For ZIMV Stock

The 24-hour chart illustrates a support level at 11.67, which if violated will result in even more drops to 11.51. On the upside, there is a resistance level at 12.02. A further resistance level may holdings at 12.22. The Relative Strength Index (RSI) on the 14-day chart is 48.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.03%. Stochastics %K at 57.35% indicates the stock is a holding.

How much short interest is there in ZimVie Inc.?

A steep rise in short interest was recorded in ZimVie Inc. stocks on Aug 14, 2023, growing by 8850.0 shares to a total of 0.49 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.48 million shares. There was a rise of 1.8%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.12% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.67.

ZimVie Inc. [ZIMV] – Who Are The Largest Shareholders?

In filings from Camber Capital Management LP, it is revealed that the company now owns 3,250,000 shares, or roughly 12.32% of the outstanding ZIMV shares. Additionally, The Vanguard Group, Inc. decreased -1.85% of its stake after which the total value it holdings stand at $21,584,524, while BlackRock Fund Advisors added 18.13% of its stake to hold $20.73 million in the firm. Over the last quarter, Kent Lake Capital LLC purchased 123,344 shares of ZimVie Inc., while Neuberger Berman Investment Advis bought 1,289,554 shares. At present, Divisadero Street Capital Managem is holding 1,000,000 shares valued at $13.72 million. D. E. Shaw & Co. LP owned 800,933 shares of the company at the time of its most recent 13F filing, worth $10.99 million.


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