In a filing, Zimmer Biomet Holdings Inc revealed its Group President, Asia Pacific Yi Sang unloaded Company’s shares for reported $0.22 million on Mar 07 ’24. In the deal valued at $126.86 per share,1,705 shares were sold. As a result of this transaction, Yi Sang now holds 18,179 shares worth roughly $2.31 million.
Then, Phipps Chad F sold 26,156 shares, generating $3,364,126 in total proceeds. Upon selling the shares at $128.62, the Sr. VP/Gen Counsel/Secretary now owns 44,145 shares.
Before that, Jafry Syed A. bought 2,135 shares. Zimmer Biomet Holdings Inc shares valued at $223,641 were divested by the Director at a price of $104.75 per share. As a result of the transaction, Jafry Syed A. now holds 4,060 shares, worth roughly $0.52 million.
Evercore ISI downgraded its Zimmer Biomet Holdings Inc [ZBH] rating to an In-line from a an Outperform in a research note published on January 04, 2024; the price target was decreased to $125 from $135. A number of analysts have revised their coverage, including ROTH MKM’s analysts, who began to cover the stock in mid October with a ‘”a Neutral”‘ rating. BTIG Research also remained covering ZBH and has increased its forecast on August 28, 2023 with a “Buy” recommendation from previously “Neutral” rating. BofA Securities revised its rating on May 03, 2023. It rated ZBH as “a Neutral” which previously was an “an Underperform”.
Price Performance Review of ZBH
On Friday, Zimmer Biomet Holdings Inc [NYSE:ZBH] saw its stock fall -0.18% to $127.33. Over the last five days, the stock has lost -3.52%. Zimmer Biomet Holdings Inc shares have risen nearly 4.63% since the year began. Nevertheless, the stocks have fallen -0.46% over the past one year. While a 52-week high of $149.25 was reached on 03/28/24, a 52-week low of $102.00 was recorded on 02/08/24. SMA at 50 days reached $126.24, while 200 days put it at $122.23. A total of 0.79 million shares were traded, compared to the trading of 1.03 million shares in the previous session.
Levels Of Support And Resistance For ZBH Stock
The 24-hour chart illustrates a support level at 126.30, which if violated will result in even more drops to 125.26. On the upside, there is a resistance level at 128.22. A further resistance level may holdings at 129.10. The Relative Strength Index (RSI) on the 14-day chart is 49.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.08%. Stochastics %K at 39.82% indicates the stock is a holding.
How much short interest is there in Zimmer Biomet Holdings Inc?
A steep rise in short interest was recorded in Zimmer Biomet Holdings Inc stocks on Mar 15, 2024, growing by 0.42 million shares to a total of 4.59 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.17 million shares. There was a rise of 9.15%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.53% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.3.
