Zions Bancorporation (ZION) : Traders are bullish on Zions Bancorporation (ZION) as it has outperformed the S&P 500 by a wide margin of 13.94% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.18%, 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 3.62% in the last 1 week, and is up 16.77% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Zions Bancorporation (NASDAQ:ZION): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.05 and $27.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.89, notching a gain of 4.18% for the day. The total traded volume was 3,665,062 . The stock had closed at $27.73 on the previous day.
The stock has recorded a 20-day Moving Average of 9.15% and the 50-Day Moving Average is 8.28%. Zions Bancorporation is up 11.41% in the last 3-month period. Year-to-Date the stock performance stands at 6.37%.
Zions Bancorporation (ZION) : The most positive equity analysts on Zions Bancorporation (ZION) expects the shares to touch $36, whereas, the least positive believes that the stock will trade at $24 in the short term. The company is covered by 20 Wall Street Brokerage Firms. The average price target for shares are $30.65 with an expected fluctuation of $3.05 from the mean.
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.