Regions Financial Corp.’s filing revealed that its SEVP Ritter William D. unloaded Company’s shares for reported $0.46 million on May 03 ’24. In the deal valued at $19.95 per share,23,000 shares were sold. As a result of this transaction, Ritter William D. now holds 41,671 shares worth roughly $0.93 million.
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Then, RHODES WILLIAM C III bought 50,000 shares, generating $968,500 in total proceeds. Upon buying the shares at $19.37, the Director now owns 50,000 shares.
Before that, Lusco C. Matthew sold 28,617 shares. Regions Financial Corp. shares valued at $499,839 were divested by the SEVP & CRO at a price of $17.47 per share. As a result of the transaction, Lusco C. Matthew now holds 103,307 shares, worth roughly $2.32 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 fall -1.45% to $22.43. Over the last five days, the stock has gained 0.18%. Regions Financial Corp. shares have risen nearly 15.74% since the year began. Nevertheless, the stocks have risen 12.37% over the past one year. While a 52-week high of $22.85 was reached on 07/29/24, a 52-week low of $13.72 was recorded on 02/07/24. SMA at 50 days reached $19.92, while 200 days put it at $18.65. A total of 6.61 million shares were traded, compared to the trading of 7.33 million shares in the previous session.
Levels Of Support And Resistance For RF Stock
The 24-hour chart illustrates a support level at 22.23, which if violated will result in even more drops to 22.04. On the upside, there is a resistance level at 22.75. A further resistance level may holdings at 23.08. The Relative Strength Index (RSI) on the 14-day chart is 69.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.62%. Stochastics%K at 90.70% indicates the stock is a selling.
