49.48
price up icon0.98%   0.50
after-market After Hours: 51.10 1.62 +3.27%
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Why is Zions Bancorporation N A (ZION) Stock down?

We've noticed a 5.56% decline in Zions Bancorporation N A (ZION) stock during the 2024-04-10 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
31 Jan, 2024:

Zions Bancorporation N.A (ZION) stock fell by 5.72% due to continuous insider selling, which has sparked concerns among investors. Here are the key details:

  • Insider Selling Activity**: The recent SEC filing reveals that Division CEO A Anderson executed the sale of 4,093 shares of Zions Bancorp NA (ZION) on January 26, 2024. The shares were sold at an average price of $44.25 each, resulting in a total transaction value of $181,116.75.
  • Impact on Stock Price: Persistent insider selling activities have triggered apprehensions among investors. Such selling patterns often imply a lack of confidence in the company's future performance. Investors tend to interpret insider selling as a sign that company insiders may hold negative views about the company's prospects. Consequently, this leads to reduced demand for the company's stock. The consistent insider selling activity, coupled with growing concerns, likely contributed to the 5.72% decline in Zions Bancorporation N.A's (ZION) stock price.
21 Nov, 2023:

Zions Bancorporation N.A Stock (ZION) dropped by 4.11% from $35.78 to $34.31 in the trading on Tuesday November 21, 2023. The reason why ZION stock down today is due to the stock downgrade from the analyst. Citi Research analyst Keith Horwitz cut his rating on the regional bank to Neutral from Buy. Horwitz kept his price target of $37 a share on the company. More conservative outlook on fees and incremental expense pressure leading the analyst to see slight downside to 2024 consensus EPS.

19 Oct, 2023:

Shares of Zions Bancorporation NA (ZION) dropped by 9.67% from $35.69 to $32.24 in the trading on Thursday, October 19, 2023. The reason why ZION stock down is due to a reduced price target issued by JPMorgan. JPMorgan lowered its price target for ZION from $40 to $39, while maintaining a Neutral rating on ZION stock. This downward revision in the price target likely raised concerns among investors and may have contributed to the stock's sharp decline.

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