Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ZTO Express (Cayman) Inc ADR shares valued at $10,490,000 were purchased by ZTO ES HOLDING LIMITED on Aug 29 ’24. At $20.98 per share, ZTO ES HOLDING LIMITED acquired 500,000 shares.
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As published in a research note from Macquarie on June 26, 2024, ZTO Express (Cayman) Inc ADR [ZTO] has been rated down from an Outperform to a Neutral. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early November. As of April 25, 2023, Goldman has increased its “Neutral” rating to a “Buy” for ZTO. Earlier on March 16, 2023, CLSA upgraded its rating. Their new recommendation was “a Buy” for ZTO stock which previously was a “an Outperform”.
Analyzing ZTO Stock Performance
During the last five days, there has been a drop of approximately -3.85%. Over the course of the year, ZTO Express (Cayman) Inc ADR shares have dropped approximately -6.02%. Shares of the company reached a 52-week high of $27.50 on 10/07/24 and a 52-week low of $15.90 on 02/05/24. A 50-day SMA is recorded $23.57, while a 200-day SMA reached $21.51. Nevertheless, trading volume fell to 6.06 million shares from 2.67 million shares the previous day.
Support And Resistance Levels for ZTO Express (Cayman) Inc ADR (ZTO)
According to the 24-hour chart, there is a support level at 19.43, which, if violated, would cause prices to drop to 18.85. In the upper region, resistance lies at 20.65. The next price resistance is at 21.29. RSI (Relative Strength Index) is 27.30 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.01, which suggests the price will decrease in the coming days. Percent R is at 87.44%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
