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The Attractiveness of Investing In Zions Bancorporation N.A (ZION) is Growing

Zions Bancorporation N.A’s recently made public that its Exec VP and ALEXANDER BRUCE K unloaded Company’s shares for reported $0.27 million on Jul 29 ’24. In the deal valued at $51.83 per share,5,156 shares were sold. As a result of this transaction, ALEXANDER BRUCE K now holds 17,857 shares worth roughly $0.83 million.

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Then, SHIREY TERRY ALAN sold 1,917 shares, generating $99,262 in total proceeds. Upon selling the shares at $51.78, the Executive Vice President & now owns 24,640 shares.

Before that, MCLEAN SCOTT J sold 60,000 shares. Zions Bancorporation N.A shares valued at $3,111,000 were divested by the President at a price of $51.85 per share. As a result of the transaction, MCLEAN SCOTT J now holds 50,880 shares, worth roughly $2.37 million.

Argus downgraded its Zions Bancorporation N.A [ZION] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in early April with a ‘”a Hold”‘ rating. Truist also remained covering ZION and has decreased its forecast on January 05, 2024 with a “Hold” recommendation from previously “Buy” rating. Robert W. Baird revised its rating on December 15, 2023. It rated ZION as “a Neutral” which previously was an “an Outperform”.

Price Performance Review of ZION

On Friday, Zions Bancorporation N.A [NASDAQ:ZION] saw its stock jump 3.06% to $46.49. Over the last five days, the stock has gained 3.24%. Zions Bancorporation N.A shares have risen nearly 5.97% since the year began. Nevertheless, the stocks have risen 28.67% over the past one year. While a 52-week high of $53.32 was reached on 07/23/24, a 52-week low of $28.90 was recorded on 02/01/24. SMA at 50 days reached $47.64, while 200 days put it at $43.12.

Levels Of Support And Resistance For ZION Stock

The 24-hour chart illustrates a support level at 45.87, which if violated will result in even more drops to 45.24. On the upside, there is a resistance level at 46.82. A further resistance level may holdings at 47.14. The Relative Strength Index (RSI) on the 14-day chart is 47.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.37%. Stochastics %K at 26.57% indicates the stock is a holding.

How much short interest is there in Zions Bancorporation N.A?

A steep rise in short interest was recorded in Zions Bancorporation N.A stocks on 2024-08-30, dropping by -1.47 million shares to a total of 6.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 7.82 million shares. There was a decline of -23.12%, which implies that there is a negative sentiment for the stock.

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