Zions Bancorporation (ZION) : Traders are bullish on Zions Bancorporation (ZION) as it has outperformed the S&P 500 by a wide margin of 6.64% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.18%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.51% in the last 1 week, and is up 6.42% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 4.25% and the fifty day Moving Average is 10.65%. Zions Bancorporation is up 5.66% in the last three month period. Year-to-Date the stock performance stands at 9.55%.
Zions Bancorporation (ZION) : 19 investment research analysts covering Zions Bancorporation (ZION) have an average price target of $30.84 for the near short term. The highest target price given by the Brokerage Firm to the stock is $36 and the lowest target is $24 for the short term. Analysts expect the variance to be within $3 of the average price.
Zions Bancorporation (NASDAQ:ZION): stock turned positive on Friday. Though the stock opened at $29.53, the bulls momentum made the stock top out at $29.86 level for the day. The stock recorded a low of $29.223 and closed the trading day at $29.67, in the green by 0.85%. The total traded volume for the day was 3,867,907. The stock had closed at $29.42 in the previous days trading.
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.