The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Ermenegildo Zegna N.V shares valued at $3,333,600 were purchased by SCP Victorious on Jan 29 ’25. At $9.26 per share, SCP Victorious acquired 360,000 shares.
As published in their initiating research note from TD Cowen on February 18, 2025, Ermenegildo Zegna N.V [ZGN] has been a Hold and the price target has been revised to $10. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid January. As of November 22, 2024, Morgan Stanley has initiated its “an Underweight” rating for ZGN. Earlier on September 23, 2024, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for ZGN stock which previously was a “a Buy”.
Analyzing ZGN Stock Performance
During the last five days, there has been a surge of approximately 8.47%. Over the course of the year, Ermenegildo Zegna N.V shares have dropped approximately -10.05%. Shares of the company reached a 52-week high of $9.68 on 01/28/25 and a 52-week low of $6.05 on 04/09/25. A 50-day SMA is recorded $7.65, while a 200-day SMA reached $8.72.
Support And Resistance Levels for Ermenegildo Zegna N.V (ZGN)
According to the 24-hour chart, there is a support level at 7.27, which, if violated, would cause prices to drop to 7.12. In the upper region, resistance lies at 7.58. The next price resistance is at 7.74. RSI (Relative Strength Index) is 55.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.38, which suggests the price will decrease in the coming days. Percent R is at 9.80%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
