Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Zura Bio Ltd shares valued at $2,734,458 were sold by Thiara Parvinder on Nov 25 ’24. At $2.73 per share, Thiara Parvinder sold 1,001,633 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Thiara Parvinder sold 3,800,000 shares, netting a total of over 10,260,000 in proceeds. Following the sale of shares at $2.70 each, the insider now holds 1,001,633 shares.
Before that, Sidhu Someit had sold 51,728 shares from its account. In a trade valued at $200,187, the Director traded Zura Bio Ltd shares for $3.87 each. Upon closing the transaction, the insider’s holdings decreased to 51,728 shares, worth approximately $3.67 million.
As published in their initiating research note from Leerink Partners on November 04, 2024, Zura Bio Ltd [ZURA] has been an Outperform and the price target has been revised to $15. Analysts at H.C. Wainwright started covering the stock with ‘”a Neutral”‘ outlook in a report released in early September. As of May 03, 2024, Piper Sandler has initiated its “an Overweight” rating for ZURA. Earlier on October 10, 2023, Ladenburg Thalmann initiated its rating. Their recommendation was “a Buy” for ZURA stock.
Analyzing ZURA Stock Performance
During the last five days, there has been a surge of approximately 2.33%. Over the course of the year, Zura Bio Ltd shares have dropped approximately -29.60%. Shares of the company reached a 52-week high of $2.6400 on 01/06/25 and a 52-week low of $1.6000 on 01/28/25. A 50-day SMA is recorded $2.4163, while a 200-day SMA reached $3.6620. Nevertheless, trading volume fell to 3.39 million shares from 0.48 million shares the previous day.
Support And Resistance Levels for Zura Bio Ltd (ZURA)
According to the 24-hour chart, there is a support level at 1.6867, which, if violated, would cause prices to drop to 1.6133. In the upper region, resistance lies at 1.8667. The next price resistance is at 1.9733. RSI (Relative Strength Index) is 35.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1143, which suggests the price will decrease in the coming days. Percent R is at 73.55%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
