East West Bancorp, Inc’s recent filing unveils that its Director CAMPBELL MOLLY unloaded Company’s shares for reported $0.15 million on Oct 29 ’24. In the deal valued at $98.65 per share,1,500 shares were sold. As a result of this transaction, CAMPBELL MOLLY now holds 10,639 shares worth roughly $1.03 million.
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Then, Oh Irene H sold 10,000 shares, generating $985,000 in total proceeds. Upon selling the shares at $98.50, the Chief Risk Officer now owns 117,193 shares.
Before that, Oh Irene H bought 10,000 shares. East West Bancorp, Inc shares valued at $988,356 were divested by the Officer at a price of $98.84 per share.
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 fall -0.91% to $96.46. Over the last five days, the stock has lost -2.41%. East West Bancorp, Inc shares have risen nearly 34.07% since the year began. Nevertheless, the stocks have risen 69.56% over the past one year. While a 52-week high of $101.31 was reached on 10/30/24, a 52-week low of $54.23 was recorded on 02/07/24. SMA at 50 days reached $85.84, while 200 days put it at $78.00.
Levels Of Support And Resistance For EWBC Stock
The 24-hour chart illustrates a support level at 94.98, which if violated will result in even more drops to 93.49. On the upside, there is a resistance level at 97.54. A further resistance level may holdings at 98.61. The Relative Strength Index (RSI) on the 14-day chart is 63.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.00, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 37.25%. Stochastics %K at 68.22% indicates the stock is a holding.
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 2024-10-15, growing by 0.12 million shares to a total of 5.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.88 million shares. There was a rise of 2.39%, which implies that there is a positive sentiment for the stock.
