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 $53,329 were sold by MCLEAN SCOTT J on Dec 17 ’24. At $59.92 per share, MCLEAN SCOTT J sold 890 shares. The insider’s holdings dropped to 73,396 shares worth approximately $4.27 million following the completion of this transaction.
Also, STEPHENS STEVEN DAN sold 388 shares, netting a total of over 23,249 in proceeds. Following the sale of shares at $59.92 each, the insider now holds 45,136 shares.
Before that, Miller Rena A. had sold 116 shares from its account. In a trade valued at $6,951, the Executive VP & General Counsel traded Zions Bancorporation N.A shares for $59.92 each. Upon closing the transaction, the insider’s holdings decreased to 116 shares, worth approximately $0.39 million.
As published in a research note from Goldman on January 07, 2025, Zions Bancorporation N.A [ZION] has been rated up from a Neutral to a Buy and the price target has been revised to $71. As of September 30, 2024, Morgan Stanley has increased its “an Underweight” rating to a “an Equal-weight” for ZION. Earlier on July 25, 2024, Argus downgraded its rating. Their new recommendation was “a Hold” 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 5.05%. Over the course of the year, Zions Bancorporation N.A shares have jumped approximately 7.28%. Shares of the company reached a 52-week high of $58.91 on 01/15/25 and a 52-week low of $52.81 on 01/10/25. A 50-day SMA is recorded $57.11, while a 200-day SMA reached $48.46. Nevertheless, trading volume fell to 1.41 million shares from 1.45 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 57.47, which, if violated, would cause prices to drop to 56.73. In the upper region, resistance lies at 58.92. The next price resistance is at 59.64. RSI (Relative Strength Index) is 60.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.33, which suggests the price will increase in the coming days. Percent R is at 11.64%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
