Western Alliance Bancorp’s recently made public that its Director LATTA ROBERT P unloaded 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 sold. As a result of this transaction, LATTA ROBERT P now holds 38,621 shares worth roughly $-3.43 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, ROBERT P. LATTA bought 2,955 shares, generating $239,695 in total proceeds.
Before that, LATTA ROBERT P sold 2,996 shares. Western Alliance Bancorp shares valued at $247,919 were divested by the Director at a price of $82.75 per share. As a result of the transaction, LATTA ROBERT P now holds 4,056 shares, worth roughly $0.36 million.
Deutsche Bank upgraded its Western Alliance Bancorp [WAL] rating to a Buy from a a Hold in a research note published on October 07, 2024; the price target was increased to $101 from $83. Barclays began covering WAL with “an Overweight” recommendation on March 08, 2024. Wells Fargo revised its rating on January 30, 2024. It rated WAL as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of WAL
On Monday, Western Alliance Bancorp [NYSE:WAL] saw its stock jump 0.12% to $88.80. Over the last five days, the stock has gained 5.71%. Western Alliance Bancorp shares have risen nearly 34.97% since the year began. Nevertheless, the stocks have risen 95.29% over the past one year. While a 52-week high of $88.92 was reached on 10/14/24, a 52-week low of $38.81 was recorded on 04/19/24. SMA at 50 days reached $81.05, while 200 days put it at $67.31.
Levels Of Support And Resistance For WAL Stock
The 24-hour chart illustrates a support level at 87.89, which if violated will result in even more drops to 86.98. On the upside, there is a resistance level at 89.60. A further resistance level may holdings at 90.39. The Relative Strength Index (RSI) on the 14-day chart is 65.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.47, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.85%. Stochastics %K at 81.52% indicates the stock is a selling.
How much short interest is there in Western Alliance Bancorp?
A steep rise in short interest was recorded in Western Alliance Bancorp stocks on 2024-09-30, growing by 2.3 million shares to a total of 7.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.15 million shares. There was a rise of 30.89%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 01, 2023 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $61 price target.
