Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Western Alliance Bancorp shares valued at $94,360 were sold by Segedi Bryan K on Nov 13 ’24. At $94.36 per share, Segedi Bryan K sold 1,000 shares. The insider’s holdings dropped to 16,675 shares worth approximately $1.52 million following the completion of this transaction.
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Also, Segedi Bryan K purchased 1,000 shares, netting a total of over 94,583 in proceeds.
Before that, LATTA ROBERT P had sold 2,955 shares from its account. In a trade valued at $239,710, the Director traded Western Alliance Bancorp shares for $81.12 each. Upon closing the transaction, the insider’s holdings decreased to 2,955 shares, worth approximately $3.53 million.
As published in a research note from Deutsche Bank on October 07, 2024, Western Alliance Bancorp [WAL] has been rated up from a Hold to a Buy and the price target has been revised to $101 from $83. As of March 08, 2024, Barclays has initiated its “an Overweight” rating for WAL. Earlier on January 30, 2024, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for WAL stock which previously was a “an Overweight”.
Analyzing WAL Stock Performance
During the last five days, there has been a drop of approximately -0.63%. Over the course of the year, Western Alliance Bancorp shares have jumped approximately 38.74%. Shares of the company reached a 52-week high of $96.45 on 11/06/24 and a 52-week low of $53.75 on 04/19/24. A 50-day SMA is recorded $86.57, while a 200-day SMA reached $70.67. Nevertheless, trading volume fell to 0.86 million shares from 0.55 million shares the previous day.
Support And Resistance Levels for Western Alliance Bancorp (WAL)
According to the 24-hour chart, there is a support level at 89.62, which, if violated, would cause prices to drop to 87.97. In the upper region, resistance lies at 92.78. The next price resistance is at 94.29. RSI (Relative Strength Index) is 56.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.39, which suggests the price will decrease in the coming days. Percent R is at 33.20%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
