East West Bancorp, Inc.’s recently made public that its Director LIU JACK C unloaded Company’s shares for reported $0.17 million on Aug 23 ’24. In the deal valued at $83.50 per share,2,000 shares were sold. As a result of this transaction, LIU JACK C now holds 16,557 shares worth roughly $-1.48 million.
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Then, LIU JACK C bought 2,000 shares, generating $156,700 in total proceeds.
Before that, Kim Lisa L. sold 6,000 shares. East West Bancorp, Inc. shares valued at $472,080 were divested by the Executive Vice President at a price of $78.68 per share. As a result of the transaction, Kim Lisa L. now holds 18,891 shares, worth roughly $1.69 million.
Barclays initiated its East West Bancorp, Inc. [EWBC] rating to an Overweight in a research note published on March 08, 2024; the price target was $106. A number of analysts have revised their coverage, including Stephens’s analysts, who began to cover the stock in early December with a ‘”an Overweight”‘ rating. Morgan Stanley also remained covering EWBC and has increased its forecast on December 04, 2023 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Citigroup started covering the stock on December 01, 2023. It rated EWBC as “a Buy”.
Price Performance Review of EWBC
On Monday, East West Bancorp, Inc. [NASDAQ:EWBC] saw its stock jump 1.10% to $89.30. Over the last five days, the stock has gained 7.29%. East West Bancorp, Inc. shares have risen nearly 24.11% since the year began. Nevertheless, the stocks have risen 74.18% over the past one year. While a 52-week high of $89.75 was reached on 07/31/24, a 52-week low of $50.23 was recorded on 02/07/24. SMA at 50 days reached $81.23, while 200 days put it at $76.26.
Levels Of Support And Resistance For EWBC Stock
The 24-hour chart illustrates a support level at 88.04, which if violated will result in even more drops to 86.77. On the upside, there is a resistance level at 90.03. A further resistance level may holdings at 90.75. The Relative Strength Index (RSI) on the 14-day chart is 71.56, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.42, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.87%. Stochastics %K at 96.37% indicates the stock is a selling.
How much short interest is there in East West Bancorp, Inc.?
A steep rise in short interest was recorded in East West Bancorp, Inc. stocks on 2024-09-30, growing by 0.28 million shares to a total of 4.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.64 million shares. There was a rise of 5.67%, which implies that there is a positive sentiment for the stock.
