In a filing, Western Alliance Bancorp revealed its Director ROBERT P. LATTA acquired Company’s shares for reported $0.24 million on Sep 13 ’24. In the deal valued at $81.12 per share,2,955 shares were bought.
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Then, LATTA ROBERT P sold 2,996 shares, generating $247,919 in total proceeds. Upon selling the shares at $82.75, the Director now owns 4,056 shares.
Before that, LATTA ROBERT P bought 2,996 shares. Western Alliance Bancorp shares valued at $247,919 were divested by the Director at a price of $82.75 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 Friday, Western Alliance Bancorp [NYSE:WAL] saw its stock jump 4.28% to $81.91. Over the last five days, the stock has gained 4.05%. Western Alliance Bancorp shares have risen nearly 24.50% since the year began. Nevertheless, the stocks have risen 70.79% over the past one year. While a 52-week high of $85.96 was reached on 09/09/24, a 52-week low of $38.81 was recorded on 04/19/24. SMA at 50 days reached $75.90, while 200 days put it at $64.56.
Levels Of Support And Resistance For WAL Stock
The 24-hour chart illustrates a support level at 80.21, which if violated will result in even more drops to 78.50. On the upside, there is a resistance level at 82.82. A further resistance level may holdings at 83.72. The Relative Strength Index (RSI) on the 14-day chart is 60.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.58%. Stochastics %K at 28.79% 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 2024-08-30, dropping by 77729.0 shares to a total of 5.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 5.22 million shares. There was a decline of -1.51%, which implies that there is a negative sentiment for the stock.
