ZTO Express (Cayman) Inc ADR’s recent filing unveils that its Other: Shareholder ZTO ES HOLDING LIMITED acquired Company’s shares for reported $3.8 million on Dec 02 ’24. In the deal valued at $19.00 per share,200,000 shares were bought.
Then, ZTO ES HOLDING LIMITED bought 500,000 shares, generating $10,490,000 in total proceeds.
Macquarie downgraded its ZTO Express (Cayman) Inc ADR [ZTO] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Neutral”. Goldman also remained covering ZTO and has increased its forecast on April 25, 2023 with a “Buy” recommendation from previously “Neutral” rating. CLSA revised its rating on March 16, 2023. It rated ZTO as “a Buy” which previously was an “an Outperform”.
Price Performance Review of ZTO
On Tuesday, ZTO Express (Cayman) Inc ADR [NYSE:ZTO] saw its stock jump 0.16% to $19.01. Over the last five days, the stock has gained 0.11%. ZTO Express (Cayman) Inc ADR shares have fallen nearly -10.67% since the year began. Nevertheless, the stocks have fallen -14.64% over the past one year. While a 52-week high of $27.50 was reached on 10/07/24, a 52-week low of $15.90 was recorded on 02/05/24. SMA at 50 days reached $23.09, while 200 days put it at $21.56.
Levels Of Support And Resistance For ZTO Stock
The 24-hour chart illustrates a support level at 18.88, which if violated will result in even more drops to 18.75. On the upside, there is a resistance level at 19.24. A further resistance level may holdings at 19.47. The Relative Strength Index (RSI) on the 14-day chart is 27.14, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.00%. Stochastics %K at 11.72% indicates the stock is a buying.
How much short interest is there in ZTO Express (Cayman) Inc ADR?
A steep rise in short interest was recorded in ZTO Express (Cayman) Inc ADR stocks on 2024-10-31, growing by 3.21 million shares to a total of 20.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 17.42 million shares. There was a rise of 15.56%, which implies that there is a positive sentiment for the stock.
