Western Alliance Bancorp’s recently made public that its Director JOHNSON MARIANNE BOYD acquired Company’s shares for reported $1.01 million on Aug 30 ’24. In the deal valued at $81.00 per share,12,516 shares were bought.
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Then, Kennedy Barbara sold 11,083 shares, generating $904,262 in total proceeds. Upon selling the shares at $81.59, the Chief Human Resources Officer now owns 7,977 shares.
Before that, Kennedy Barbara bought 11,083 shares. Western Alliance Bancorp shares valued at $904,306 were divested by the Officer at a price of $81.59 per share.
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 -1.67% to $80.32. Over the last five days, the stock has lost -0.72%. Western Alliance Bancorp shares have risen nearly 22.09% since the year began. Nevertheless, the stocks have risen 60.61% over the past one year. While a 52-week high of $83.23 was reached on 08/26/24, a 52-week low of $38.81 was recorded on 04/19/24. SMA at 50 days reached $73.05, while 200 days put it at $63.32.
Levels Of Support And Resistance For WAL Stock
The 24-hour chart illustrates a support level at 79.42, which if violated will result in even more drops to 78.51. On the upside, there is a resistance level at 81.46. A further resistance level may holdings at 82.59. The Relative Strength Index (RSI) on the 14-day chart is 60.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.64, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.33%. Stochastics %K at 79.96% 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 2024-08-15, growing by 0.13 million shares to a total of 5.18 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 5.05 million shares. There was a rise of 2.42%, which implies that there is a positive sentiment for the stock.
