Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Western Alliance Bancorp shares valued at $247,919 were sold by LATTA ROBERT P on Sep 09 ’24. At $82.75 per share, LATTA ROBERT P sold 2,996 shares. The insider’s holdings dropped to 4,056 shares worth approximately $0.32 million following the completion of this transaction.
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Also, LATTA ROBERT P purchased 2,996 shares, netting a total of over 247,919 in proceeds.
Before that, JOHNSON MARIANNE BOYD had sold 12,516 shares from its account. In a trade valued at $1,013,796, the Director traded Western Alliance Bancorp shares for $81.00 each. Upon closing the transaction, the insider’s holdings decreased to 12,516 shares, worth approximately $0.58 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 drop of approximately -1.50%. Over the course of the year, Western Alliance Bancorp shares have jumped approximately 19.61%. Shares of the company reached a 52-week high of $85.96 on 09/09/24 and a 52-week low of $53.75 on 04/19/24. A 50-day SMA is recorded $75.25, while a 200-day SMA reached $64.25. Nevertheless, trading volume fell to 1.44 million shares from 4.01 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 77.41, which, if violated, would cause prices to drop to 76.12. In the upper region, resistance lies at 79.83. The next price resistance is at 80.96. RSI (Relative Strength Index) is 51.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.05, which suggests the price will decrease in the coming days. Percent R is at 81.88%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
