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EWBC (East West Bancorp, Inc.) may reap gains as insiders became active recently

CHWY Stock

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 $0.79 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 $1.43 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 0.62% to $76.45. Over the last five days, the stock has gained 2.66%. East West Bancorp, Inc. shares have risen nearly 6.25% since the year began. Nevertheless, the stocks have risen 50.11% 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 $74.79, while 200 days put it at $64.65. A total of 0.82 million shares were traded, compared to the trading of 1.73 million shares in the previous session.

Levels Of Support And Resistance For EWBC Stock

The 24-hour chart illustrates a support level at 75.77, which if violated will result in even more drops to 75.08. On the upside, there is a resistance level at 76.92. A further resistance level may holdings at 77.38. The Relative Strength Index (RSI) on the 14-day chart is 56.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.26, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.98%. Stochastics %K at 68.59% indicates the stock is a holding.

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