Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Zura Bio Ltd shares valued at $8,000,000 were sold by Thiara Parvinder on Dec 12 ’23. At $4.00 per share, Thiara Parvinder sold 2,000,000 shares. The insider’s holdings dropped to 4,801,633 shares worth approximately $17.72 million following the completion of this transaction.
Also, Munshi Amit purchased 117,647 shares, netting a total of over 500,000 in proceeds. Following the buying of shares at $4.25 each, the insider now holds 617,640 shares.
As published in their initiating research note from Ladenburg Thalmann on October 10, 2023, Zura Bio Ltd [ZURA] has been a Buy and the price target has been revised to $10. Analysts at Oppenheimer started covering the stock with ‘”an Outperform”‘ outlook in a report released in late August. As of June 22, 2023, Guggenheim has initiated its “Buy” rating for ZURA. Earlier on June 14, 2023, Chardan Capital Markets initiated its rating. Their recommendation was “a Buy” for ZURA stock.
Analyzing ZURA Stock Performance
During the last five days, there has been a surge of approximately 28.57%. Over the course of the year, Zura Bio Ltd shares have dropped approximately -20.99%. Shares of the company reached a 52-week high of $4.65 on 01/02/24 and a 52-week low of $2.00 on 03/22/24. A 50-day SMA is recorded $3.28, while a 200-day SMA reached $4.93. Nevertheless, trading volume fell to 1.01 million shares from 97600.0 shares the previous day.
Support And Resistance Levels for Zura Bio Ltd (ZURA)
According to the 24-hour chart, there is a support level at 3.40, which, if violated, would cause prices to drop to 3.10. In the upper region, resistance lies at 3.95. The next price resistance is at 4.20. RSI (Relative Strength Index) is 64.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.29, which suggests the price will decrease in the coming days. Percent R is at 14.72%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
