Zai Lab Limited ADR’s recent filing unveils that its Chief Legal Officer Edmondson Frazor Titus III unloaded Company’s shares for reported $0.21 million on May 14 ’24. In the deal valued at $21.33 per share,10,000 shares were sold. As a result of this transaction, Edmondson Frazor Titus III now holds 16,408 shares worth roughly $0.32 million.
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Then, Smiley Joshua L bought 3,000 shares, generating $64,200 in total proceeds. Upon buying the shares at $21.40, the insider now owns 31,684 shares.
Before that, Reinhart Harald sold 2,105 shares. Zai Lab Limited ADR shares valued at $32,992 were divested by the insider at a price of $15.67 per share. As a result of the transaction, Reinhart Harald now holds 51,800 shares, worth roughly $1.0 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 Tuesday, Zai Lab Limited ADR [NASDAQ:ZLAB] saw its stock jump 7.17% to $19.29. Over the last five days, the stock has gained 4.50%. Zai Lab Limited ADR shares have fallen nearly -29.42% since the year began. Nevertheless, the stocks have fallen -45.97% over the past one year. While a 52-week high of $35.80 was reached on 01/04/24, a 52-week low of $13.48 was recorded on 04/18/24. SMA at 50 days reached $17.02, while 200 days put it at $22.45. A total of 0.91 million shares were traded, compared to the trading of 1.63 million shares in the previous session.
Levels Of Support And Resistance For ZLAB Stock
The 24-hour chart illustrates a support level at 18.74, which if violated will result in even more drops to 18.19. On the upside, there is a resistance level at 19.91. A further resistance level may holdings at 20.52. The Relative Strength Index (RSI) on the 14-day chart is 55.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.07%. Stochastics %K at 21.60% indicates the stock is a holding.
The most recent change occurred on April 28, 2020 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating .
