Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ZimVie Inc shares valued at $9,299,378 were sold by Camber Capital Management LP on Aug 02 ’24. At $17.71 per share, Camber Capital Management LP sold 525,000 shares. The insider’s holdings dropped to 2,725,000 shares worth approximately $39.59 million following the completion of this transaction.
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As published in a research note from Needham on May 16, 2024, ZimVie Inc [ZIMV] has been rated up from a Hold to a Buy and the price target has been revised to $20. Analysts at Needham started covering the stock with ‘”a Hold”‘ outlook in a report released in mid November. As of December 21, 2022, Barclays has initiated its “an Underweight” rating for ZIMV. Earlier on June 17, 2022, JP Morgan initiated its rating. Their recommendation was “a Neutral” for ZIMV stock.
Analyzing ZIMV Stock Performance
During the last five days, there has been a surge of approximately 7.71%. Over the course of the year, ZimVie Inc shares have dropped approximately -18.14%. Shares of the company reached a 52-week high of $22.40 on 07/18/24 and a 52-week low of $13.01 on 11/19/24. A 50-day SMA is recorded $14.75, while a 200-day SMA reached $16.69. Nevertheless, trading volume fell to 83891.0 shares from 0.12 million shares the previous day.
Support And Resistance Levels for ZimVie Inc (ZIMV)
According to the 24-hour chart, there is a support level at 14.38, which, if violated, would cause prices to drop to 14.24. In the upper region, resistance lies at 14.69. The next price resistance is at 14.86. RSI (Relative Strength Index) is 55.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.57, which suggests the price will decrease in the coming days. Percent R is at 13.14%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
