In a filing, ZTO Express (Cayman) Inc ADR revealed its Other: Shareholder ZTO ES HOLDING LIMITED acquired Company’s shares for reported $10.49 million on Aug 29 ’24. In the deal valued at $20.98 per share,500,000 shares were bought.
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Macquarie downgraded its ZTO Express (Cayman) Inc ADR [ZTO] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Neutral”. Goldman also remained covering ZTO and has increased its forecast on April 25, 2023 with a “Buy” recommendation from previously “Neutral” rating. CLSA revised its rating on March 16, 2023. It rated ZTO as “a Buy” which previously was an “an Outperform”.
Price Performance Review of ZTO
On Tuesday, ZTO Express (Cayman) Inc ADR [NYSE:ZTO] saw its stock fall -2.88% to $26.01. Over the last five days, the stock has gained 2.40%. ZTO Express (Cayman) Inc ADR shares have risen nearly 22.23% since the year began. Nevertheless, the stocks have risen 5.69% over the past one year. While a 52-week high of $27.50 was reached on 10/07/24, a 52-week low of $15.90 was recorded on 02/05/24. SMA at 50 days reached $21.69, while 200 days put it at $20.75.
Levels Of Support And Resistance For ZTO Stock
The 24-hour chart illustrates a support level at 25.66, which if violated will result in even more drops to 25.30. On the upside, there is a resistance level at 26.25. A further resistance level may holdings at 26.49. The Relative Strength Index (RSI) on the 14-day chart is 65.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.09, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.67%. Stochastics %K at 84.99% indicates the stock is a selling.
How much short interest is there in ZTO Express (Cayman) Inc ADR?
A steep rise in short interest was recorded in ZTO Express (Cayman) Inc ADR stocks on 2024-09-13, dropping by -1.81 million shares to a total of 13.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 15.05 million shares. There was a decline of -13.66%, which implies that there is a negative sentiment for the stock.
