Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Zions Bancorporation N.A shares valued at $231,005 were sold by Robinson Rebecca K on May 03 ’24. At $43.66 per share, Robinson Rebecca K sold 5,291 shares. The insider’s holdings dropped to 22,238 shares worth approximately $0.98 million following the completion of this transaction.
Also, Forney Alan M sold 1,500 shares, netting a total of over 65,520 in proceeds. Following the sale of shares at $43.68 each, the insider now holds 22,181 shares.
Before that, SIMMONS HARRIS H had added 4,000 shares to its account. In a trade valued at $154,160, the Chairman & CEO bought Zions Bancorporation N.A shares for $38.54 each. Upon closing the transaction, the insider’s holdings increased to 4,000 shares, worth approximately $58.15 million.
As published in their initiating research note from Deutsche Bank on April 10, 2024, Zions Bancorporation N.A [ZION] has been a Hold and the price target has been revised to $47. Analysts at Truist downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early January. As of December 15, 2023, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for ZION. Earlier on November 21, 2023, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for ZION stock which previously was a “a Buy”.
Analyzing ZION Stock Performance
During the last five days, there has been a surge of approximately 3.68%. Over the course of the year, Zions Bancorporation N.A shares have jumped approximately 0.96%. Shares of the company reached a 52-week high of $45.33 on 01/25/24 and a 52-week low of $37.76 on 02/01/24. A 50-day SMA is recorded $41.45, while a 200-day SMA reached $38.45. Nevertheless, trading volume fell to 1.24 million shares from 1.16 million shares the previous day.
Support And Resistance Levels for Zions Bancorporation N.A (ZION)
According to the 24-hour chart, there is a support level at 43.92, which, if violated, would cause prices to drop to 43.56. In the upper region, resistance lies at 44.57. The next price resistance is at 44.85. RSI (Relative Strength Index) is 65.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.61, which suggests the price will increase in the coming days. Percent R is at 4.01%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
