Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Western Alliance Bancorp shares valued at $387,500 were sold by Curley Stephen Russell on Aug 01 ’24. At $76.43 per share, Curley Stephen Russell sold 5,070 shares. The insider’s holdings dropped to 36,718 shares worth approximately $2.83 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Curley Stephen Russell purchased 5,070 shares, netting a total of over 387,515 in proceeds.
Before that, Ardrey J. Kelly Jr. had sold 2,116 shares from its account. In a trade valued at $160,710, the Chief Accounting Officer traded Western Alliance Bancorp shares for $75.95 each. Upon closing the transaction, the insider’s holdings decreased to 2,116 shares, worth approximately $0.27 million.
Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in early March. As of January 30, 2024, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for WAL. Earlier on December 01, 2023, Citigroup initiated its rating. Their recommendation was “a Buy” for WAL stock.
Analyzing WAL Stock Performance
During the last five days, there has been a surge of approximately 4.05%. Over the course of the year, Western Alliance Bancorp shares have jumped approximately 17.08%. Shares of the company reached a 52-week high of $82.48 on 07/31/24 and a 52-week low of $53.75 on 04/19/24. A 50-day SMA is recorded $68.13, while a 200-day SMA reached $61.23. Nevertheless, trading volume fell to 1.33 million shares from 0.68 million shares the previous day.
Support And Resistance Levels for Western Alliance Bancorp (WAL)
According to the 24-hour chart, there is a support level at 75.83, which, if violated, would cause prices to drop to 74.64. In the upper region, resistance lies at 78.37. The next price resistance is at 79.71. RSI (Relative Strength Index) is 61.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.13, which suggests the price will decrease in the coming days. Percent R is at 35.39%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
