In a filing, East West Bancorp, Inc. revealed its Chief Risk Officer Oh Irene H unloaded Company’s shares for reported $0.78 million on May 07 ’24. In the deal valued at $77.58 per share,10,000 shares were sold. As a result of this transaction, Oh Irene H now holds 127,193 shares worth roughly $9.67 million.
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Then, CAMPBELL MOLLY sold 1,625 shares, generating $125,548 in total proceeds. Upon selling the shares at $77.26, the Director now owns 10,321 shares.
Before that, LIU JACK C sold 2,000 shares. East West Bancorp, Inc. shares valued at $147,160 were divested by the Director at a price of $73.58 per share. As a result of the transaction, LIU JACK C now holds 16,739 shares, worth roughly $1.27 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 Tuesday, East West Bancorp, Inc. [NASDAQ:EWBC] saw its stock fall -0.47% to $76.02. Over the last five days, the stock has lost -2.36%. East West Bancorp, Inc. shares have risen nearly 5.66% since the year began. Nevertheless, the stocks have risen 56.74% over the past one year. While a 52-week high of $79.54 was reached on 04/01/24, a 52-week low of $47.39 was recorded on 02/07/24. SMA at 50 days reached $75.83, while 200 days put it at $65.97. A total of 0.53 million shares were traded, compared to the trading of 0.47 million shares in the previous session.
Levels Of Support And Resistance For EWBC Stock
The 24-hour chart illustrates a support level at 75.69, which if violated will result in even more drops to 75.36. On the upside, there is a resistance level at 76.54. A further resistance level may holdings at 77.06. The Relative Strength Index (RSI) on the 14-day chart is 48.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.56%. Stochastics %K at 47.41% indicates the stock is a holding.
