Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Zimmer Biomet Holdings Inc shares valued at $1,474,582 were sold by Yi Sang on May 31 ’24. At $114.69 per share, Yi Sang sold 12,857 shares. The insider’s holdings dropped to 5,322 shares worth approximately $0.58 million following the completion of this transaction.
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Also, Yi Sang sold 1,705 shares, netting a total of over 216,296 in proceeds. Following the sale of shares at $126.86 each, the insider now holds 18,179 shares.
Before that, Phipps Chad F had sold 26,156 shares from its account. In a trade valued at $3,364,126, the Sr. VP/Gen Counsel/Secretary traded Zimmer Biomet Holdings Inc shares for $128.62 each. Upon closing the transaction, the insider’s holdings decreased to 26,156 shares, worth approximately $4.79 million.
As published in their initiating research note from Wolfe Research on September 10, 2024, Zimmer Biomet Holdings Inc [ZBH] has been a Peer perform. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early July. As of May 30, 2024, Goldman has initiated its “Neutral” rating for ZBH. Earlier on May 21, 2024, Argus upgraded its rating. Their new recommendation was “a Buy” for ZBH stock which previously was a “a Hold”.
Analyzing ZBH Stock Performance
During the last five days, there has been a drop of approximately -0.41%. Over the course of the year, Zimmer Biomet Holdings Inc shares have dropped approximately -10.93%. Shares of the company reached a 52-week high of $133.90 on 03/28/24 and a 52-week low of $101.47 on 10/09/24. A 50-day SMA is recorded $106.71, while a 200-day SMA reached $114.41. Nevertheless, trading volume fell to 1.51 million shares from 1.48 million shares the previous day.
Support And Resistance Levels for Zimmer Biomet Holdings Inc (ZBH)
According to the 24-hour chart, there is a support level at 107.92, which, if violated, would cause prices to drop to 107.45. In the upper region, resistance lies at 109.23. The next price resistance is at 110.07. RSI (Relative Strength Index) is 50.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.23, which suggests the price will decrease in the coming days. Percent R is at 82.67%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
