Western Alliance Bancorp’s filing revealed that its Chief Accounting Officer Ardrey J. Kelly Jr. unloaded Company’s shares for reported $0.16 million on Jul 22 ’24. In the deal valued at $75.95 per share,2,116 shares were sold. As a result of this transaction, Ardrey J. Kelly Jr. now holds 3,520 shares worth roughly $0.28 million.
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Then, Ardrey J. Kelly Jr. sold 1,000 shares, generating $64,200 in total proceeds. Upon selling the shares at $64.20, the Chief Accounting Officer now owns 5,636 shares.
Before that, Ardrey J. Kelly Jr. sold 2,000 shares. Western Alliance Bancorp shares valued at $128,200 were divested by the Chief Accounting Officer at a price of $64.10 per share. As a result of the transaction, Ardrey J. Kelly Jr. now holds 6,636 shares, worth roughly $0.53 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 0.40% to $80.44. Over the last five days, the stock has gained 3.14%. Western Alliance Bancorp shares have risen nearly 22.27% since the year began. Nevertheless, the stocks have risen 52.93% over the past one year. While a 52-week high of $82.36 was reached on 07/29/24, a 52-week low of $38.81 was recorded on 04/19/24. SMA at 50 days reached $65.28, while 200 days put it at $59.36. A total of 0.77 million shares were traded, compared to the trading of 0.91 million shares in the previous session.
Levels Of Support And Resistance For WAL Stock
The 24-hour chart illustrates a support level at 79.43, which if violated will result in even more drops to 78.43. On the upside, there is a resistance level at 81.35. A further resistance level may holdings at 82.27. The Relative Strength Index (RSI) on the 14-day chart is 73.21, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.47, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.70%. Stochastics%K at 91.98% indicates the stock is a selling.
