Western Alliance Bancorp’s filing revealed that its Officer Curley Stephen Russell acquired Company’s shares for reported $0.39 million on Aug 01 ’24. In the deal valued at $76.43 per share,5,070 shares were bought.
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Then, Curley Stephen Russell sold 5,070 shares, generating $387,500 in total proceeds. Upon selling the shares at $76.43, the Chief Banking Ofc.-NBL now owns 36,718 shares.
Before that, Ardrey J. Kelly Jr. sold 2,116 shares. Western Alliance Bancorp shares valued at $160,710 were divested by the Chief Accounting Officer at a price of $75.95 per share. As a result of the transaction, Ardrey J. Kelly Jr. now holds 3,520 shares, worth roughly $0.26 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 fall -0.50% to $72.95. Over the last five days, the stock has lost -9.31%. Western Alliance Bancorp shares have risen nearly 10.88% since the year began. Nevertheless, the stocks have risen 38.29% over the past one year. While a 52-week high of $82.48 was reached on 07/31/24, a 52-week low of $38.81 was recorded on 04/19/24. SMA at 50 days reached $66.39, while 200 days put it at $60.09. A total of 1.09 million shares were traded, compared to the trading of 1.93 million shares in the previous session.
Levels Of Support And Resistance For WAL Stock
The 24-hour chart illustrates a support level at 71.98, which if violated will result in even more drops to 71.00. On the upside, there is a resistance level at 74.42. A further resistance level may holdings at 75.88. The Relative Strength Index (RSI) on the 14-day chart is 51.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.88%. Stochastics%K at 34.43% indicates the stock is a holding.
