Regions Financial Corp.’s recently made public that its SEVP & CRO Lusco C. Matthew unloaded Company’s shares for reported $0.5 million on Dec 08 ’23. In the deal valued at $17.47 per share,28,617 shares were sold. As a result of this transaction, Lusco C. Matthew now holds 103,307 shares worth roughly $1.99 million.
Then, Smith Ronald G. sold 10,000 shares, generating $209,300 in total proceeds. Upon selling the shares at $20.93, the SEVP now owns 281,151 shares.
Before that, Hill J Thomas bought 11,926 shares. Regions Financial Corp. shares valued at $200,134 were divested by the Director at a price of $16.78 per share. As a result of the transaction, Hill J Thomas now holds 23,107 shares, worth roughly $0.44 million.
Citigroup upgraded its Regions Financial Corp. [RF] rating to a Buy from a a Neutral in a research note published on March 18, 2024; the price target was increased to $23 from $20. A number of analysts have revised their coverage, including Argus’s analysts, who decreased its forecast for the stock in late January from “a Buy” to “a Hold”. Jefferies also remained covering RF and has increased its forecast on January 09, 2024 with a “Buy” recommendation from previously “Hold” rating. Evercore ISI revised its rating on January 03, 2024. It rated RF as “an In-line” which previously was an “an Outperform”.
Price Performance Review of RF
On Monday, Regions Financial Corp. [NYSE:RF] saw its stock jump 0.16% to $19.22. Over the last five days, the stock has lost -5.78%. Regions Financial Corp. shares have fallen nearly -0.83% since the year began. Nevertheless, the stocks have risen 4.51% over the past one year. While a 52-week high of $21.08 was reached on 03/28/24, a 52-week low of $13.72 was recorded on 02/07/24. SMA at 50 days reached $19.17, while 200 days put it at $18.24. A total of 6.94 million shares were traded, compared to the trading of 6.28 million shares in the previous session.
Levels Of Support And Resistance For RF Stock
The 24-hour chart illustrates a support level at 18.99, which if violated will result in even more drops to 18.76. On the upside, there is a resistance level at 19.55. A further resistance level may holdings at 19.88. The Relative Strength Index (RSI) on the 14-day chart is 43.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.92%. Stochastics %K at 12.06% indicates the stock is a buying.
