In a filing, Regions Financial Corp revealed 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 $0.98 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 $2.43 million.
Keefe Bruyette upgraded its Regions Financial Corp [RF] rating to an Outperform from a a Mkt perform in a research note published on October 31, 2024; the price target was increased to $28 from $27. A number of analysts have revised their coverage, including Stephens’s analysts, who increased its forecast for the stock in late October from “an Equal-weight” to “an Overweight”. Deutsche Bank also remained covering RF and has increased its forecast on October 24, 2024 with a “Buy” recommendation from previously “Hold” rating. Argus revised its rating on October 24, 2024. It rated RF as “a Buy” which previously was an “a Hold”.
Price Performance Review of RF
On Friday, Regions Financial Corp [NYSE:RF] saw its stock fall -1.30% to $23.56. Over the last five days, the stock has gained 0.26%. Regions Financial Corp shares have risen nearly 21.57% since the year began. Nevertheless, the stocks have risen 62.04% over the past one year. While a 52-week high of $24.47 was reached on 10/18/24, a 52-week low of $14.37 was recorded on 02/07/24. SMA at 50 days reached $23.07, while 200 days put it at $20.56.
Levels Of Support And Resistance For RF Stock
The 24-hour chart illustrates a support level at 23.35, which if violated will result in even more drops to 23.14. On the upside, there is a resistance level at 23.94. A further resistance level may holdings at 24.33. The Relative Strength Index (RSI) on the 14-day chart is 52.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.35%. Stochastics %K at 43.01% indicates the stock is a holding.
How much short interest is there in Regions Financial Corp?
A steep rise in short interest was recorded in Regions Financial Corp stocks on 2024-10-15, dropping by -1.25 million shares to a total of 36.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 37.66 million shares. There was a decline of -3.44%, which implies that there is a negative sentiment for the stock.
