Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Zions Bancorporation National Association shares valued at $54,771 were sold by Stewart Randy R on Sep 01. At $54.94 per share, Stewart Randy R sold 997 shares. The insider’s holdings dropped to 8,138 shares worth approximately $0.46 million following the completion of this transaction.
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Also, Young Mark Richard sold 3,443 shares, netting a total of over 202,366 in proceeds. Following the sale of shares at $58.78 each, the insider now holds 8,860 shares.
Before that, SHIREY TERRY ALAN had sold 4,448 shares from its account. In a trade valued at $250,881, the Executive Vice President & traded Zions Bancorporation National Association shares for $56.40 each. Upon closing the transaction, the insider’s holdings decreased to 4,448 shares, worth approximately $1.23 million.
As published in a research note from Raymond James on April 26, 2022, Zions Bancorporation National Association [ZION] has been rated down from a Strong buy to a Mkt perform. Analysts at Robert W. Baird upgraded the stock from ‘”an Underperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid April. As of March 17, 2022, B. Riley Securities has decreased its “Buy” rating to a “Neutral” for ZION. Earlier on February 14, 2022, Jefferies upgraded its rating. Their new recommendation was “a Buy” for ZION stock which previously was a “a Hold”.
Analyzing ZION’s Price Performance
On Wednesday, Zions Bancorporation National Association [NASDAQ: ZION] plunged -1.04% to $57.10. The stock’s lowest price that day was $57.10, but it reached a high of $58.885 in the same session. During the last five days, there has been a drop of approximately -1.48%. Over the course of the year, Zions Bancorporation National Association shares have dropped approximately -9.59%. Shares of the company reached a 52-week high of $75.44 on 02/10/22 and a 52-week low of $47.92 on 07/14/22. A 50-day SMA is recorded $55.43, while a 200-day SMA reached $60.41. Nevertheless, trading volume fell to 1.24 million shares from 1.16 million shares the previous day.
Support And Resistance Levels for Zions Bancorporation National Association (ZION)
According to the 24-hour chart, there is a support level at 56.50, which, if violated, would cause prices to drop to 55.91. In the upper region, resistance lies at 58.29. The next price resistance is at 59.48. RSI (Relative Strength Index) is 51.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.45, which suggests the price will decrease in the coming days. Percent R is at 45.38%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Zions Bancorporation National Association subject to short interest?
Stocks of Zions Bancorporation National Association saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.49 million shares to 1.77 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 2.26 million shares. A decline of -27.68% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.24 of the overall float, the days-to-cover ratio (short ratio) decline to 1.24.
Which companies own the most shares of Zions Bancorporation National Association (ZION)?
According to The Vanguard Group, Inc. filings, the company currently owns 18,391,624 shares, which is about 12.22% of the total ZION shares outstanding. The investor’s shares have appreciated by 939,231 from its previous 13-F filing of 17452393.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $417,565,274. Victory Capital Management, Inc. reduced a -3.63% interest valued at $395.57 million while SSgA Funds Management, Inc. sold a -759,648 stake. A total of 596,753 shares of Zions Bancorporation National Association were sold by Massachusetts Financial Services during the quarter, and -162,563 were sold by Dimensional Fund Advisors LP. In its current portfolio, LSV Asset Management holds 3,796,053 shares valued at $208.9 million.
In terms of Zions Bancorporation National Association share price expectations, FactSet research, analysts set an average price target of $63.89 in the next 12 months, up nearly 7.45% from the previous closing price of $57.70. Analysts anticipate Zions Bancorporation National Association stock to reach $77.00 by 2022, with the lowest price target being $57.00. In spite of this, 23 analysts ranked Zions Bancorporation National Association stock as an Overweight at the end of 2022. On January 14, 2022, Compass Point assigned a price target of “a Buy” to the stock and upgraded coverage with a $80.