In a filing, Western Alliance Bancorp revealed its Director LATTA ROBERT P unloaded Company’s shares for reported $0.3 million on Dec 11 ’23. In the deal valued at $56.07 per share,5,370 shares were sold. As a result of this transaction, LATTA ROBERT P now holds 2,996 shares worth roughly $0.17 million.
Barclays initiated its Western Alliance Bancorp [WAL] rating to an Overweight in a research note published on March 08, 2024; the price target was $91. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in late January from “an Overweight” to “an Equal weight”. Citigroup began covering WAL with “Buy” recommendation on December 01, 2023.
Price Performance Review of WAL
On Tuesday, Western Alliance Bancorp [NYSE:WAL] saw its stock fall -1.57% to $55.28. Over the last five days, the stock has lost -9.18%. Western Alliance Bancorp shares have fallen nearly -15.98% since the year began. Nevertheless, the stocks have risen 74.61% over the past one year. While a 52-week high of $70.23 was reached on 01/29/24, a 52-week low of $11.35 was recorded on 04/16/24. SMA at 50 days reached $59.52, while 200 days put it at $53.21. A total of 0.74 million shares were traded, compared to the trading of 0.88 million shares in the previous session.
Levels Of Support And Resistance For WAL Stock
The 24-hour chart illustrates a support level at 54.60, which if violated will result in even more drops to 53.91. On the upside, there is a resistance level at 55.87. A further resistance level may holdings at 56.45. The Relative Strength Index (RSI) on the 14-day chart is 35.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.32%. Stochastics %K at 7.68% indicates the stock is a buying.
The most recent change occurred on June 28, 2023 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating along with a $41 price target.
