Shares of Zions Bancorporation (ZION) Sees Large Inflow of Net Money Flow

Zions Bancorporation (ZION) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $0.94 million worth of transactions were on upticks, whereas, the downticks accounted for $0.29 million worth of transactions. The net money flow was a positive $0.65 million and the uptick to downtick ratio was 3.27. The net money flow into the stock was $0.6 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0.6 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Zions Bancorporation (ZION) was trading at $30.52, down $0.05 during day. The stock slid -0.16% over the previous days close. For the week, the stock recorded 2.86% over the previous weeks close.


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 -12.63% . Institutional Investors own 87.89% of Zions Bancorporation shares. During last six month period, the net percent change held by insiders has seen a change of -12.56%.

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 (NASDAQ:ZION): The stock opened at $30.76 and touched an intraday high of $31.06 on Friday. During the day, the stock corrected to an intraday low of $30.43, however, the bulls stepped in and pushed the price higher to close in the green at $30.97 with a gain of 1.31% for the day. The total traded volume for the day was 4,087,510. The stock had closed at $30.57 in the previous trading session.

Zions Bancorporation (ZION) : Traders are bullish on Zions Bancorporation (ZION) as it has outperformed the S&P 500 by a wide margin of 7.34% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.86%, 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 4.38% in the last 1 week, and is up 7.2% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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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