The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Zions Bancorporation N.A shares valued at $267,257 were sold by ALEXANDER BRUCE K on Jul 29 ’24. At $51.83 per share, ALEXANDER BRUCE K sold 5,156 shares. The insider’s holdings dropped to 17,857 shares worth approximately $0.87 million following the completion of this transaction.
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Also, SHIREY TERRY ALAN sold 1,917 shares, netting a total of over 99,262 in proceeds. Following the sale of shares at $51.78 each, the insider now holds 24,640 shares.
Before that, MCLEAN SCOTT J had sold 60,000 shares from its account. In a trade valued at $3,111,000, the President traded Zions Bancorporation N.A shares for $51.85 each. Upon closing the transaction, the insider’s holdings decreased to 60,000 shares, worth approximately $2.47 million.
As published in a research note from Argus on July 25, 2024, Zions Bancorporation N.A [ZION] has been rated down from a Buy to a Hold. Analysts at Deutsche Bank started covering the stock with ‘”a Hold”‘ outlook in a report released in early April. As of January 05, 2024, Truist has decreased its “Buy” rating to a “Hold” for ZION. Earlier on December 15, 2023, Robert W. Baird downgraded its rating. Their new recommendation was “a Neutral” for ZION stock which previously was a “an Outperform”.
Analyzing ZION Stock Performance
During the last five days, there has been a surge of approximately 7.40%. Over the course of the year, Zions Bancorporation N.A shares have jumped approximately 10.44%. Shares of the company reached a 52-week high of $53.32 on 07/23/24 and a 52-week low of $37.76 on 02/01/24. A 50-day SMA is recorded $47.94, while a 200-day SMA reached $43.35. Nevertheless, trading volume fell to 2.21 million shares from 1.44 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 47.74, which, if violated, would cause prices to drop to 47.02. In the upper region, resistance lies at 48.92. The next price resistance is at 49.38. RSI (Relative Strength Index) is 58.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.76, which suggests the price will decrease in the coming days. Percent R is at 20.50%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
