In a filing, Zions Bancorporation N.A revealed its Chairman & CEO SIMMONS HARRIS H acquired Company’s shares for reported $0.15 million on Feb 27 ’24. In the deal valued at $38.54 per share,4,000 shares were bought. As a result of this transaction, SIMMONS HARRIS H now holds 1,312,987 shares worth roughly $56.45 million.
Then, Young Mark Richard sold 5,597 shares, generating $225,055 in total proceeds. Upon selling the shares at $40.21, the Exec VP now owns 12,133 shares.
Before that, STEPHENS STEVEN DAN sold 7,500 shares. Zions Bancorporation N.A shares valued at $306,075 were divested by the Executive Vice President at a price of $40.81 per share. As a result of the transaction, STEPHENS STEVEN DAN now holds 44,056 shares, worth roughly $1.89 million.
Truist downgraded its Zions Bancorporation N.A [ZION] rating to a Hold from a a Buy in a research note published on January 05, 2024; the price target was decreased to $46 from $51. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in mid December from “an Outperform” to “a Neutral”. Citigroup also remained covering ZION and has decreased its forecast on November 21, 2023 with a “Neutral” recommendation from previously “Buy” rating.
Price Performance Review of ZION
On Monday, Zions Bancorporation N.A [NASDAQ:ZION] saw its stock jump 2.16% to $42.99. Over the last five days, the stock has gained 0.02%. Zions Bancorporation N.A shares have fallen nearly -2.01% since the year began. Nevertheless, the stocks have risen 50.16% over the past one year. While a 52-week high of $46.15 was reached on 01/25/24, a 52-week low of $18.26 was recorded on 02/01/24. SMA at 50 days reached $40.82, while 200 days put it at $37.16. A total of 1.46 million shares were traded, compared to the trading of 0.26 million shares in the previous session.
Levels Of Support And Resistance For ZION Stock
The 24-hour chart illustrates a support level at 42.21, which if violated will result in even more drops to 41.43. On the upside, there is a resistance level at 43.47. A further resistance level may holdings at 43.95. The Relative Strength Index (RSI) on the 14-day chart is 59.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.68%. Stochastics %K at 68.65% indicates the stock is a holding.
How much short interest is there in Zions Bancorporation N.A?
A steep rise in short interest was recorded in Zions Bancorporation N.A stocks on Mar 15, 2024, growing by 1.68 million shares to a total of 11.72 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 10.04 million shares. There was a rise of 14.33%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 9.38% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.76.
The most recent change occurred on September 29, 2023 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $42 price target.
