Zions Bancorporation (NASDAQ:ZION) has tumbled 4.86% during the past week and has dropped 1.99% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.72%. Zions Bancorporation (NASDAQ:ZION) has underperformed the index by 2.88% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Zions Bancorporation (NASDAQ:ZION): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.55 and $26.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.63, notching a gain of 0.76% for the day. The total traded volume was 5,174,104 . The stock had closed at $26.43 on the previous day.
The company shares have dropped -15.54% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $33.03 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $27.31 and the 200 Day Moving Average price is recorded at $25.30.
On the companys insider trading activities,The officer (Executive Vice President) of Zions Bancorporation /Ut/, Morris Michael sold 8,634 shares at $27.88 on May 27, 2016. The Insider selling transaction had a total value worth of $240,716. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Brokerage firm Susquehanna upgrades its rating on Zions Bancorporation (NASDAQ:ZION). The shares have been rated Positive. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 7, 2016. Currently the company Insiders own 2.06% of Zions Bancorporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -10.78% . Institutional Investors own 90.79% of Zions Bancorporation shares. During last six month period, the net percent change held by insiders has seen a change of 7.83%.
Zions Bancorporation is a financial holding company. The Company owns and operates eight commercial banks with a total of approximately 460 domestic branches as of December 31, 2014. The Company provides banking and related services through its banking and other subsidiaries, primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming. The Company focuses on providing community banking services by its core business lines of small and medium-sized business and corporate banking; commercial and residential development construction and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending; trust and wealth management; limited capital markets activities, including municipal finance advisory and underwriting, and investment activities.