Western Alliance Bancorp’s recently made public that its Chief Banking Ofc.-NBL Curley Stephen Russell unloaded 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 sold. As a result of this transaction, Curley Stephen Russell now holds 36,718 shares worth roughly $2.91 million.
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Then, Curley Stephen Russell bought 5,070 shares, generating $387,515 in total proceeds.
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 $0.28 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 Monday, Western Alliance Bancorp [NYSE:WAL] saw its stock jump 0.75% to $79.18. Over the last five days, the stock has gained 7.92%. Western Alliance Bancorp shares have risen nearly 20.35% since the year began. Nevertheless, the stocks have risen 65.86% 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 $68.92, while 200 days put it at $61.61.
Levels Of Support And Resistance For WAL Stock
The 24-hour chart illustrates a support level at 78.22, which if violated will result in even more drops to 77.25. On the upside, there is a resistance level at 79.71. A further resistance level may holdings at 80.23. The Relative Strength Index (RSI) on the 14-day chart is 65.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.95, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.43%. Stochastics%K at 72.64% indicates the stock is a holding.
How much short interest is there in Western Alliance Bancorp?
A steep rise in short interest was recorded in Western Alliance Bancorp stocks on 2024-07-31, dropping by 51816.0 shares to a total of 5.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 5.28 million shares. There was a decline of -0.99%, which implies that there is a negative sentiment for the stock.
