Zai Lab Limited ADR’s recently made public that its Chief Financial Officer Chen Yajing unloaded Company’s shares for reported $7645.0 on Oct 02 ’24. In the deal valued at $25.40 per share,301 shares were sold. As a result of this transaction, Chen Yajing now holds 15,161 shares worth roughly $0.4 million.
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Then, Chen Yajing bought 301 shares, generating $7,645 in total proceeds.
Before that, Reinhart Harald bought 60,000 shares. Zai Lab Limited ADR shares valued at $1,320,000 were divested by the Former Officer at a price of $22.00 per share.
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 Friday, Zai Lab Limited ADR [NASDAQ:ZLAB] saw its stock jump 7.07% to $26.36. Over the last five days, the stock has gained 11.55%. Zai Lab Limited ADR shares have fallen nearly -3.55% since the year began. Nevertheless, the stocks have risen 13.62% over the past one year. While a 52-week high of $31.22 was reached on 01/04/24, a 52-week low of $13.48 was recorded on 04/18/24. SMA at 50 days reached $19.71, while 200 days put it at $19.60.
Levels Of Support And Resistance For ZLAB Stock
The 24-hour chart illustrates a support level at 25.41, which if violated will result in even more drops to 24.45. On the upside, there is a resistance level at 26.87. A further resistance level may holdings at 27.37. The Relative Strength Index (RSI) on the 14-day chart is 71.87, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.72, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.96%. Stochastics %K at 86.70% indicates the stock is a selling.
How much short interest is there in Zai Lab Limited ADR?
A steep rise in short interest was recorded in Zai Lab Limited ADR stocks on 2024-09-13, growing by 0.7 million shares to a total of 5.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.71 million shares. There was a rise of 12.95%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 28, 2020 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating .
