The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Zura Bio Ltd shares valued at $496,000 were purchased by Ploos van Amstel Arnout on May 17 ’24. At $6.20 per share, Ploos van Amstel Arnout acquired 80,000 shares. The insider’s holdings grew to 100,000 shares worth approximately $0.36 million following the completion of this transaction.
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Also, Sidhu Someit purchased 1,186,901 shares, netting a total of over 3,715,000 in proceeds. Following the buying of shares at $3.13 each, the insider now holds 1,186,901 shares.
Before that, Munshi Amit had added 159,744 shares to its account. In a trade valued at $499,999, the Director bought Zura Bio Ltd shares for $3.13 each. Upon closing the transaction, the insider’s holdings increased to 159,744 shares, worth approximately $2.77 million.
As published in their initiating research note from Piper Sandler on May 03, 2024, Zura Bio Ltd [ZURA] has been an Overweight and the price target has been revised to $26. Analysts at Ladenburg Thalmann started covering the stock with ‘”a Buy”‘ outlook in a report released in early October. As of August 25, 2023, Oppenheimer has initiated its “an Outperform” rating for ZURA. Earlier on June 22, 2023, Guggenheim 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 8.87%. Over the course of the year, Zura Bio Ltd shares have dropped approximately -23.77%. Shares of the company reached a 52-week high of $6.35 on 05/17/24 and a 52-week low of $2.00 on 03/22/24. A 50-day SMA is recorded $4.38, while a 200-day SMA reached $4.31. Nevertheless, trading volume fell to 0.22 million shares from 0.47 million 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 3.43, which, if violated, would cause prices to drop to 3.36. In the upper region, resistance lies at 3.58. The next price resistance is at 3.66. RSI (Relative Strength Index) is 41.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.03, which suggests the price will decrease in the coming days. Percent R is at 52.56%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
