Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Regions Financial Corp shares valued at $13,561 were purchased by SUQUET JOSE S on Jan 28 ’25. At $24.70 per share, SUQUET JOSE S acquired 549 shares. The insider’s holdings grew to 33,791 shares worth approximately $0.71 million following the completion of this transaction.
Also, SUQUET JOSE S purchased 530 shares, netting a total of over 12,588 in proceeds. Following the buying of shares at $23.75 each, the insider now holds 32,156 shares.
Before that, SUQUET JOSE S had added 525 shares to its account. In a trade valued at $12,376, the Director bought Regions Financial Corp shares for $23.57 each. Upon closing the transaction, the insider’s holdings increased to 525 shares, worth approximately $0.69 million.
As published in a research note from Morgan Stanley on December 09, 2024, Regions Financial Corp [RF] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $32 from $28. Analysts at Keefe Bruyette upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in late October. As of October 29, 2024, Stephens has increased its “an Equal-weight” rating to a “an Overweight” for RF. Earlier on October 24, 2024, Deutsche Bank upgraded its rating. Their new recommendation was “a Buy” for RF stock which previously was a “a Hold”.
Analyzing RF Stock Performance
During the last five days, there has been a drop of approximately -4.66%. Over the course of the year, Regions Financial Corp shares have dropped approximately -10.46%. Shares of the company reached a 52-week high of $25.25 on 01/29/25 and a 52-week low of $20.68 on 03/12/25. A 50-day SMA is recorded $23.73, while a 200-day SMA reached $22.84.
Support And Resistance Levels for Regions Financial Corp (RF)
According to the 24-hour chart, there is a support level at 20.73, which, if violated, would cause prices to drop to 20.39. In the upper region, resistance lies at 21.35. The next price resistance is at 21.63. RSI (Relative Strength Index) is 24.32 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.37, which suggests the price will decrease in the coming days. Percent R is at 89.17%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
