In a filing, ZimVie Inc revealed its 10% Owner Camber Capital Management LP unloaded Company’s shares for reported $9.3 million on Aug 02 ’24. In the deal valued at $17.71 per share,525,000 shares were sold. As a result of this transaction, Camber Capital Management LP now holds 2,725,000 shares worth roughly $45.1 million.
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Needham upgraded its ZimVie Inc [ZIMV] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Needham’s analysts, who began to cover the stock in mid November with a ‘”a Hold”‘ rating. Barclays began covering ZIMV with “an Underweight” recommendation on December 21, 2022. JP Morgan started covering the stock on June 17, 2022. It rated ZIMV as “a Neutral”.
Price Performance Review of ZIMV
On Friday, ZimVie Inc [NASDAQ:ZIMV] saw its stock fall -2.42% to $16.55. Over the last five days, the stock has gained 0.61%. ZimVie Inc shares have fallen nearly -6.76% since the year began. Nevertheless, the stocks have risen 67.17% over the past one year. While a 52-week high of $22.40 was reached on 07/18/24, a 52-week low of $6.52 was recorded on 06/24/24. SMA at 50 days reached $18.17, while 200 days put it at $17.15.
Levels Of Support And Resistance For ZIMV Stock
The 24-hour chart illustrates a support level at 16.26, which if violated will result in even more drops to 15.96. On the upside, there is a resistance level at 16.95. A further resistance level may holdings at 17.34. The Relative Strength Index (RSI) on the 14-day chart is 44.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.58%. Stochastics %K at 48.99% indicates the stock is a holding.
How much short interest is there in ZimVie Inc?
A steep rise in short interest was recorded in ZimVie Inc stocks on 2024-08-30, dropping by -0.11 million shares to a total of 0.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 0.79 million shares. There was a decline of -16.87%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 18, 2022 when Guggenheim began covering the stock and recommended ‘”a Neutral”‘ rating .
