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Zai Lab Limited ADR [ZLAB] Chairperson & CEO makes an insider sale of 7,013 shares worth $0.12 million.

Zai Lab Limited ADR’s recent filing unveils that its Chairperson & CEO Du Ying unloaded Company’s shares for reported $0.12 million on Jul 01 ’24. In the deal valued at $17.48 per share,7,013 shares were sold. As a result of this transaction, Du Ying now holds 1,081,910 shares worth roughly $18.79 million.

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Then, Du Ying sold 23,939 shares, generating $428,532 in total proceeds. Upon selling the shares at $17.90, the Chairperson & CEO now owns 1,142,833 shares.

Before that, Reinhart Harald sold 7,431 shares. Zai Lab Limited ADR shares valued at $133,022 were divested by the insider at a price of $17.90 per share. As a result of the transaction, Reinhart Harald now holds 62,619 shares, worth roughly $1.09 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 0.46% to $17.37. Over the last five days, the stock has lost -6.21%. Zai Lab Limited ADR shares have fallen nearly -36.44% since the year began. Nevertheless, the stocks have fallen -37.36% over the past one year. While a 52-week high of $32.60 was reached on 01/04/24, a 52-week low of $13.48 was recorded on 04/18/24. SMA at 50 days reached $18.32, while 200 days put it at $21.82. A total of 0.29 million shares were traded, compared to the trading of 0.48 million shares in the previous session.

Levels Of Support And Resistance For ZLAB Stock

The 24-hour chart illustrates a support level at 16.94, which if violated will result in even more drops to 16.52. On the upside, there is a resistance level at 17.78. A further resistance level may holdings at 18.20. The Relative Strength Index (RSI) on the 14-day chart is 40.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.01%. Stochastics%K at 10.49% indicates the stock is a buying.

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

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