Regions Financial Corp.’s recent filing unveils that its Director RHODES WILLIAM C III acquired Company’s shares for reported $0.97 million on Apr 23 ’24. In the deal valued at $19.37 per share,50,000 shares were bought. As a result of this transaction, RHODES WILLIAM C III now holds 50,000 shares worth roughly $0.99 million.
Then, Lusco C. Matthew sold 28,617 shares, generating $499,839 in total proceeds. Upon selling the shares at $17.47, the SEVP & CRO now owns 103,307 shares.
Before that, Smith Ronald G. sold 10,000 shares. Regions Financial Corp. shares valued at $209,300 were divested by the SEVP at a price of $20.93 per share. As a result of the transaction, Smith Ronald G. now holds 281,151 shares, worth roughly $5.58 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 0.15% to $19.83. Over the last five days, the stock has gained 0.81%. Regions Financial Corp. shares have risen nearly 2.32% since the year began. Nevertheless, the stocks have risen 25.90% 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 $19.53, while 200 days put it at $18.28. A total of 5.92 million shares were traded, compared to the trading of 4.13 million shares in the previous session.
Levels Of Support And Resistance For RF Stock
The 24-hour chart illustrates a support level at 19.72, which if violated will result in even more drops to 19.61. On the upside, there is a resistance level at 19.98. A further resistance level may holdings at 20.13. The Relative Strength Index (RSI) on the 14-day chart is 55.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.88%. Stochastics %K at 81.51% indicates the stock is a selling.
