Large Inflow of Money Witnessed in Zions Bancorporation

Zions Bancorporation (NASDAQ:ZION): $1.34 million was the positive money flow into the stock on Wednesday and the up/down ratio of ticks was also in favor of the bulls at 1.46. The value of trades done on upticks was $4.29 million, whereas, trades done on downticks were valued at $2.94 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $1.73 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $1.73 million. Zions Bancorporation (NASDAQ:ZION) fell $0.06 traded at $24.33, a change of -0.25% over the previous day. The stock is -3.8% for the week.


In an insider trading activity, The Securities and Exchange Commission has divulged that Morris Michael, officer (Executive Vice President) of Zions Bancorporation /Ut/, had unloaded 8,634 shares at an average price of $27.88 in a transaction dated on May 27, 2016. The total value of the transaction was worth $240,716. 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 90.81% of Zions Bancorporation shares. During last six month period, the net percent change held by insiders has seen a change of 7.83%.

The company shares have dropped -23.66% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $32.42 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $27.20 and the 200 Day Moving Average price is recorded at $25.06. Zions Bancorporation (NASDAQ:ZION): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.41 and $24.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.03. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.99, notching a gain of 2.46% for the day. The total traded volume was 4,860,988 . The stock had closed at $24.39 on the previous day.

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.

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