Zura Bio Ltd’s recently made public that its Director Thiara Parvinder unloaded Company’s shares for reported $10.26 million on Sep 11 ’24. In the deal valued at $2.70 per share,3,800,000 shares were sold. As a result of this transaction, Thiara Parvinder now holds 1,001,633 shares worth roughly $2.73 million.
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Then, Sidhu Someit sold 51,728 shares, generating $200,187 in total proceeds. Upon selling the shares at $3.87, the Director now owns 2,085,418 shares.
Before that, Sidhu Someit bought 52,000 shares. Zura Bio Ltd shares valued at $200,000 were divested by the Director at a price of $3.85 per share.
Leerink Partners initiated its Zura Bio Ltd [ZURA] rating to an Outperform in a research note published on November 04, 2024; the price target was $15. A number of analysts have revised their coverage, including H.C. Wainwright’s analysts, who began to cover the stock in early September with a ‘”a Neutral”‘ rating. Piper Sandler began covering ZURA with “an Overweight” recommendation on May 03, 2024. Ladenburg Thalmann started covering the stock on October 10, 2023. It rated ZURA as “a Buy”.
Price Performance Review of ZURA
On Friday, Zura Bio Ltd [NASDAQ:ZURA] saw its stock fall -6.83% to $2.73. Over the last five days, the stock has lost -13.61%. Zura Bio Ltd shares have fallen nearly -41.54% since the year began. Nevertheless, the stocks have fallen -35.61% over the past one year. While a 52-week high of $6.35 was reached on 05/17/24, a 52-week low of $2.00 was recorded on 03/22/24. SMA at 50 days reached $4.14, while 200 days put it at $3.86.
Levels Of Support And Resistance For ZURA Stock
The 24-hour chart illustrates a support level at 2.63, which if violated will result in even more drops to 2.54. On the upside, there is a resistance level at 2.89. A further resistance level may holdings at 3.06. The Relative Strength Index (RSI) on the 14-day chart is 26.09, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.83%. Stochastics %K at 4.74% indicates the stock is a buying.
How much short interest is there in Zura Bio Ltd?
A steep rise in short interest was recorded in Zura Bio Ltd stocks on 2024-10-31, dropping by -0.11 million shares to a total of 1.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.86 million shares. There was a decline of -6.09%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 25, 2023 when Oppenheimer began covering the stock and recommended ‘”an Outperform”‘ rating along with a $17 price target.
