East West Bancorp, Inc.’s filing revealed that its Director CAMPBELL MOLLY unloaded Company’s shares for reported $0.13 million on Mar 07 ’24. In the deal valued at $77.26 per share,1,625 shares were sold. As a result of this transaction, CAMPBELL MOLLY now holds 10,321 shares worth roughly $0.75 million.
Then, LIU JACK C sold 2,000 shares, generating $147,160 in total proceeds. Upon selling the shares at $73.58, the Director now owns 16,739 shares.
Before that, LIU JACK C sold 1,000 shares. East West Bancorp, Inc. shares valued at $68,900 were divested by the Director at a price of $68.90 per share. As a result of the transaction, LIU JACK C now holds 18,739 shares, worth roughly $1.36 million.
Barclays initiated its East West Bancorp, Inc. [EWBC] rating to an Overweight in a research note published on March 08, 2024; the price target was $106. A number of analysts have revised their coverage, including Stephens’s analysts, who began to cover the stock in early December with a ‘”an Overweight”‘ rating. Morgan Stanley also remained covering EWBC and has increased its forecast on December 04, 2023 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Citigroup started covering the stock on December 01, 2023. It rated EWBC as “a Buy”.
Price Performance Review of EWBC
On Monday, East West Bancorp, Inc. [NASDAQ:EWBC] saw its stock fall -0.52% to $72.38. Over the last five days, the stock has lost -5.31%. East West Bancorp, Inc. shares have risen nearly 0.60% since the year began. Nevertheless, the stocks have risen 34.09% over the past one year. While a 52-week high of $79.54 was reached on 04/01/24, a 52-week low of $41.12 was recorded on 02/07/24. SMA at 50 days reached $73.97, while 200 days put it at $63.66. A total of 0.62 million shares were traded, compared to the trading of 0.66 million shares in the previous session.
Levels Of Support And Resistance For EWBC Stock
The 24-hour chart illustrates a support level at 71.40, which if violated will result in even more drops to 70.43. On the upside, there is a resistance level at 73.78. A further resistance level may holdings at 75.19. The Relative Strength Index (RSI) on the 14-day chart is 39.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.87%. Stochastics %K at 8.51% indicates the stock is a buying.
