Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Zai Lab Limited ADR shares valued at $133,455 were sold by Chen Kai-Xian on Jul 01 ’24. At $17.22 per share, Chen Kai-Xian sold 7,750 shares. The insider’s holdings dropped to 60,778 shares worth approximately $1.66 million following the completion of this transaction.
Also, Amado Rafael sold 7,583 shares, netting a total of over 199,289 in proceeds. Following the sale of shares at $26.28 each, the insider now holds 33,834 shares.
Before that, Amado Rafael had added 7,583 shares to its account. In a trade valued at $199,287, the Officer bought Zai Lab Limited ADR shares for $26.28 each.
As published in their initiating research note from Morgan Stanley on December 14, 2023, Zai Lab Limited ADR [ZLAB] has been an Overweight and the price target has been revised to $47.50. Analysts at Cantor Fitzgerald started covering the stock with ‘”an Overweight”‘ outlook in a report released in early August. As of January 21, 2022, Macquarie has initiated its “an Outperform” rating for ZLAB. Earlier on October 12, 2021, Bernstein initiated its rating. Their recommendation was “a Mkt perform” for ZLAB stock.
Analyzing ZLAB Stock Performance
During the last five days, there has been a surge of approximately 2.29%. Over the course of the year, Zai Lab Limited ADR shares have jumped approximately 4.01%. Shares of the company reached a 52-week high of $27.55 on 01/29/25 and a 52-week low of $23.82 on 01/15/25. A 50-day SMA is recorded $26.61, while a 200-day SMA reached $22.07. Nevertheless, trading volume fell to 0.47 million shares from 0.29 million shares the previous day.
Support And Resistance Levels for Zai Lab Limited ADR (ZLAB)
According to the 24-hour chart, there is a support level at 26.56, which, if violated, would cause prices to drop to 25.89. In the upper region, resistance lies at 27.73. The next price resistance is at 28.23. RSI (Relative Strength Index) is 56.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.18, which suggests the price will increase in the coming days. Percent R is at 8.31%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
