Shares of Zions Bancorporation (ZION) Rally 5.13%

Zions Bancorporation (ZION) has been under a strong bear grip, hence the stock is down -6.42% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.58% in the past 1 week. The stock has risen by 5.13% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.33% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 2.26% and the 50-Day Moving Average is 2.14%.

Zions Bancorporation (NASDAQ:ZION): The stock opened at $26.25 on Friday but the bulls could not build on the opening and the stock topped out at $26.27 for the day. The stock traded down to $25.90 during the day, due to lack of any buying support eventually closed down at $26.01 with a loss of -0.04% for the day. The stock had closed at $26.02 on the previous day. The total traded volume was 2,257,737 shares.


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 90.8% of Zions Bancorporation shares. During last six month period, the net percent change held by insiders has seen a change of 20.66%. In a related news,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.

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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