Zimmer Biomet Holdings Inc’s filing revealed that its Group President, Asia Pacific Yi Sang unloaded Company’s shares for reported $1.47 million on May 31 ’24. In the deal valued at $114.69 per share,12,857 shares were sold. As a result of this transaction, Yi Sang now holds 5,322 shares worth roughly $0.54 million.
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Then, Yi Sang sold 1,705 shares, generating $216,296 in total proceeds. Upon selling the shares at $126.86, the Group President, Asia Pacific now owns 18,179 shares.
Before that, Phipps Chad F sold 26,156 shares. Zimmer Biomet Holdings Inc shares valued at $3,364,126 were divested by the Sr. VP/Gen Counsel/Secretary at a price of $128.62 per share. As a result of the transaction, Phipps Chad F now holds 44,145 shares, worth roughly $4.52 million.
Wolfe Research initiated its Zimmer Biomet Holdings Inc [ZBH] rating to a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early July from “an Overweight” to “a Neutral”. Goldman began covering ZBH with “Neutral” recommendation on May 30, 2024. Argus revised its rating on May 21, 2024. It rated ZBH as “a Buy” which previously was an “a Hold”.
Price Performance Review of ZBH
On Monday, Zimmer Biomet Holdings Inc [NYSE:ZBH] saw its stock fall -2.29% to $102.28. Over the last five days, the stock has lost -5.25%. Zimmer Biomet Holdings Inc shares have fallen nearly -15.96% since the year began. Nevertheless, the stocks have fallen -6.42% over the past one year. While a 52-week high of $133.90 was reached on 03/28/24, a 52-week low of $102.00 was recorded on 10/07/24. SMA at 50 days reached $108.93, while 200 days put it at $117.01.
Levels Of Support And Resistance For ZBH Stock
The 24-hour chart illustrates a support level at 101.40, which if violated will result in even more drops to 100.51. On the upside, there is a resistance level at 103.86. A further resistance level may holdings at 105.43. The Relative Strength Index (RSI) on the 14-day chart is 31.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.66%. Stochastics %K at 7.48% indicates the stock is a buying.
How much short interest is there in Zimmer Biomet Holdings Inc?
A steep rise in short interest was recorded in Zimmer Biomet Holdings Inc stocks on 2024-09-13, growing by 2025.0 shares to a total of 5.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 5.79 million shares. There was a rise of 0.03%, which implies that there is a positive sentiment for the stock.
