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 $10,260,000 were sold by Thiara Parvinder on Sep 11 ’24. At $2.70 per share, Thiara Parvinder sold 3,800,000 shares. The insider’s holdings dropped to 1,001,633 shares worth approximately $4.54 million following the completion of this transaction.
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Also, Sidhu Someit sold 51,728 shares, netting a total of over 200,187 in proceeds. Following the sale of shares at $3.87 each, the insider now holds 2,085,418 shares.
Before that, Sidhu Someit had added 52,000 shares to its account. In a trade valued at $200,000, the Director bought Zura Bio Ltd shares for $3.85 each.
As published in their initiating research note from H.C. Wainwright on September 05, 2024, Zura Bio Ltd [ZURA] has been a Neutral and the price target has been revised to $5. Analysts at Piper Sandler started covering the stock with ‘”an Overweight”‘ outlook in a report released in early May. As of October 10, 2023, Ladenburg Thalmann has initiated its “Buy” rating for ZURA. Earlier on August 25, 2023, Oppenheimer initiated its rating. Their recommendation was “an Outperform” for ZURA stock.
Analyzing ZURA Stock Performance
During the last five days, there has been a surge of approximately 13.82%. Over the course of the year, Zura Bio Ltd shares have dropped approximately -3.00%. 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 $3.85, while a 200-day SMA reached $3.81. Nevertheless, trading volume fell to 0.57 million shares from 0.24 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 4.24, which, if violated, would cause prices to drop to 3.94. In the upper region, resistance lies at 4.68. The next price resistance is at 4.82. RSI (Relative Strength Index) is 62.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.14, which suggests the price will decrease in the coming days. Percent R is at 0.00%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
