East West Bancorp, Inc.’s recent filing unveils 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 $0.77 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 $1.4 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 jump 2.18% to $74.47. Over the last five days, the stock has gained 2.89%. East West Bancorp, Inc. shares have risen nearly 3.50% since the year began. Nevertheless, the stocks have risen 33.84% 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 $74.27, while 200 days put it at $64.15. A total of 0.71 million shares were traded, compared to the trading of 1.72 million shares in the previous session.
Levels Of Support And Resistance For EWBC Stock
The 24-hour chart illustrates a support level at 73.36, which if violated will result in even more drops to 72.24. On the upside, there is a resistance level at 75.18. A further resistance level may holdings at 75.88. The Relative Strength Index (RSI) on the 14-day chart is 50.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.10%. Stochastics %K at 32.00% indicates the stock is a holding.
