Western Alliance Bancorp’s recently made public that 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 $0.18 million.
A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early March with a ‘”an Overweight”‘ rating. Wells Fargo also remained covering WAL and has decreased its forecast on January 30, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Citigroup started covering the stock on December 01, 2023. It rated WAL as “a Buy”.
Price Performance Review of WAL
On Tuesday, Western Alliance Bancorp [NYSE:WAL] saw its stock jump 1.96% to $59.82. Over the last five days, the stock has gained 8.21%. Western Alliance Bancorp shares have fallen nearly -9.07% since the year began. Nevertheless, the stocks have risen 47.38% 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 04/19/24. SMA at 50 days reached $59.36, while 200 days put it at $53.72. A total of 1.04 million shares were traded, compared to the trading of 1.46 million shares in the previous session.
Levels Of Support And Resistance For WAL Stock
The 24-hour chart illustrates a support level at 58.47, which if violated will result in even more drops to 57.13. On the upside, there is a resistance level at 60.87. A further resistance level may holdings at 61.92. The Relative Strength Index (RSI) on the 14-day chart is 53.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.14%. Stochastics %K at 55.51% indicates the stock is a holding.
