Zions Bancorporation N.A’s filing revealed that 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 $53.06 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 $1.78 million.
Deutsche Bank initiated its Zions Bancorporation N.A [ZION] rating to a Hold in a research note published on April 10, 2024; the price target was $47. A number of analysts have revised their coverage, including Truist’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Hold”. Robert W. Baird also remained covering ZION and has decreased its forecast on December 15, 2023 with a “Neutral” recommendation from previously “an Outperform” rating. Citigroup revised its rating on November 21, 2023. It rated ZION as “a Neutral” which previously was an “a Buy”.
Price Performance Review of ZION
On Monday, Zions Bancorporation N.A [NASDAQ:ZION] saw its stock fall -0.64% to $40.41. Over the last five days, the stock has lost -6.00%. Zions Bancorporation N.A shares have fallen nearly -7.89% since the year began. Nevertheless, the stocks have risen 29.73% 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 $40.67, while 200 days put it at $37.52. A total of 2.12 million shares were traded, compared to the trading of 1.56 million shares in the previous session.
Levels Of Support And Resistance For ZION Stock
The 24-hour chart illustrates a support level at 39.68, which if violated will result in even more drops to 38.94. On the upside, there is a resistance level at 41.32. A further resistance level may holdings at 42.23. The Relative Strength Index (RSI) on the 14-day chart is 44.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.30%. Stochastics %K at 17.23% indicates the stock is a buying.
