In a filing, Ermenegildo Zegna N.V revealed its Officer SCP Victorious acquired Company’s shares for reported $3.33 million on Jan 29 ’25. In the deal valued at $9.26 per share,360,000 shares were bought.
TD Cowen initiated its Ermenegildo Zegna N.V [ZGN] rating to a Hold in a research note published on February 18, 2025; the price target was $10. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid January from “a Neutral” to “a Buy”. Morgan Stanley began covering ZGN with “an Underweight” recommendation on November 22, 2024. BofA Securities revised its rating on September 23, 2024. It rated ZGN as “a Neutral” which previously was an “a Buy”.
Price Performance Review of ZGN
On Monday, Ermenegildo Zegna N.V [NYSE:ZGN] saw its stock jump 2.14% to $8.11. Over the last five days, the stock has gained 2.92%. Ermenegildo Zegna N.V shares have fallen nearly -1.82% since the year began. Nevertheless, the stocks have fallen -34.60% over the past one year. While a 52-week high of $13.36 was reached on 01/28/25, a 52-week low of $6.05 was recorded on 04/09/25. SMA at 50 days reached $7.49, while 200 days put it at $8.60.
Levels Of Support And Resistance For ZGN Stock
The 24-hour chart illustrates a support level at 7.79, which if violated will result in even more drops to 7.47. On the upside, there is a resistance level at 8.46. A further resistance level may holdings at 8.81. The Relative Strength Index (RSI) on the 14-day chart is 63.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.90%. Stochastics %K at 86.07% indicates the stock is a selling.
How much short interest is there in Ermenegildo Zegna N.V?
A steep rise in short interest was recorded in Ermenegildo Zegna N.V stocks on 2025-04-15, growing by 1.05 million shares to a total of 2.55 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 1.5 million shares. There was a rise of 41.24%, which implies that there is a positive sentiment for the stock.
