Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. East West Bancorp, Inc shares valued at $1,279,380 were sold by KRAUSE DOUGLAS PAUL on Nov 12 ’24. At $106.61 per share, KRAUSE DOUGLAS PAUL sold 12,000 shares. The insider’s holdings dropped to 45,403 shares worth approximately $4.85 million following the completion of this transaction.
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Also, KRAUSE DOUGLAS PAUL purchased 12,000 shares, netting a total of over 1,271,760 in proceeds.
Before that, SUSSMAN LESTER had sold 1,000 shares from its account. In a trade valued at $105,940, the Director traded East West Bancorp, Inc shares for $105.94 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $2.52 million.
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 3.15%. Over the course of the year, East West Bancorp, Inc shares have jumped approximately 48.48%. Shares of the company reached a 52-week high of $108.50 on 11/21/24 and a 52-week low of $67.27 on 02/07/24. A 50-day SMA is recorded $91.79, while a 200-day SMA reached $80.05. Nevertheless, trading volume fell to 0.72 million shares from 0.77 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 105.69, which, if violated, would cause prices to drop to 104.56. In the upper region, resistance lies at 108.23. The next price resistance is at 109.64. RSI (Relative Strength Index) is 67.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.04, which suggests the price will increase in the coming days. Percent R is at 11.99%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
