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Analysts review Zai Lab Limited ADR’s rating

In a filing, Zai Lab Limited ADR revealed its insider Reinhart Harald unloaded Company’s shares for reported $32992.0 on Apr 04 ’24. In the deal valued at $15.67 per share,2,105 shares were sold. As a result of this transaction, Reinhart Harald now holds 51,800 shares worth roughly $1.11 million.

Then, Smiley Joshua L sold 1,988 shares, generating $31,158 in total proceeds. Upon selling the shares at $15.67, the insider now owns 28,684 shares.

Before that, Amado Rafael sold 1,952 shares. Zai Lab Limited ADR shares valued at $30,594 were divested by the insider at a price of $15.67 per share. As a result of the transaction, Amado Rafael now holds 23,532 shares, worth roughly $0.51 million.

Morgan Stanley initiated its Zai Lab Limited ADR [ZLAB] rating to an Overweight in a research note published on December 14, 2023; the price target was $47.50. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in early August with a ‘”an Overweight”‘ rating. Macquarie began covering ZLAB with “an Outperform” recommendation on January 21, 2022. Bernstein started covering the stock on October 12, 2021. It rated ZLAB as “a Mkt perform”.

Price Performance Review of ZLAB

On Monday, Zai Lab Limited ADR [NASDAQ:ZLAB] saw its stock jump 7.17% to $21.52. Over the last five days, the stock has gained 27.26%. Zai Lab Limited ADR shares have fallen nearly -21.26% since the year began. Nevertheless, the stocks have fallen -41.33% over the past one year. While a 52-week high of $37.92 was reached on 01/04/24, a 52-week low of $13.48 was recorded on 04/18/24. SMA at 50 days reached $16.87, while 200 days put it at $23.00. A total of 0.65 million shares were traded, compared to the trading of 1.89 million shares in the previous session.

Levels Of Support And Resistance For ZLAB Stock

The 24-hour chart illustrates a support level at 21.07, which if violated will result in even more drops to 20.62. On the upside, there is a resistance level at 22.16. A further resistance level may holdings at 22.80. The Relative Strength Index (RSI) on the 14-day chart is 73.10, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.67, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.37%. Stochastics %K at 86.69% indicates the stock is a selling.

The most recent change occurred on April 28, 2020 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating.

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