Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. East West Bancorp, Inc shares valued at $147,975 were sold by CAMPBELL MOLLY on Oct 29 ’24. At $98.65 per share, CAMPBELL MOLLY sold 1,500 shares. The insider’s holdings dropped to 10,639 shares worth approximately $1.04 million following the completion of this transaction.
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Also, Oh Irene H sold 10,000 shares, netting a total of over 985,000 in proceeds. Following the sale of shares at $98.50 each, the insider now holds 117,193 shares.
Before that, Oh Irene H had added 10,000 shares to its account. In a trade valued at $988,356, the Officer bought East West Bancorp, Inc shares for $98.84 each.
As published in their initiating research note from Barclays on March 08, 2024, East West Bancorp, Inc [EWBC] has been an Overweight and the price target has been revised to $106. Analysts at Stephens started covering the stock with ‘”an Overweight”‘ outlook in a report released in early December. As of December 04, 2023, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for EWBC. Earlier on December 01, 2023, Citigroup initiated its rating. Their recommendation was “a Buy” for EWBC stock.
Analyzing EWBC Stock Performance
During the last five days, there has been a surge of approximately 0.31%. Over the course of the year, East West Bancorp, Inc shares have jumped approximately 35.50%. Shares of the company reached a 52-week high of $101.31 on 10/30/24 and a 52-week low of $67.27 on 02/07/24. A 50-day SMA is recorded $85.27, while a 200-day SMA reached $77.74. Nevertheless, trading volume fell to 0.81 million shares from 0.83 million shares the previous day.
Support And Resistance Levels for East West Bancorp, Inc (EWBC)
According to the 24-hour chart, there is a support level at 96.75, which, if violated, would cause prices to drop to 96.02. In the upper region, resistance lies at 98.86. The next price resistance is at 100.24. RSI (Relative Strength Index) is 67.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.19, which suggests the price will increase in the coming days. Percent R is at 27.66%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
