East West Bancorp, Inc’s recently made public that its Vice Chairman KRAUSE DOUGLAS PAUL unloaded Company’s shares for reported $1.28 million on Nov 12 ’24. In the deal valued at $106.61 per share,12,000 shares were sold. As a result of this transaction, KRAUSE DOUGLAS PAUL now holds 45,403 shares worth roughly $5.05 million.
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Then, KRAUSE DOUGLAS PAUL bought 12,000 shares, generating $1,271,760 in total proceeds.
Before that, SUSSMAN LESTER sold 1,000 shares. East West Bancorp, Inc shares valued at $105,940 were divested by the Director at a price of $105.94 per share. As a result of the transaction, SUSSMAN LESTER now holds 23,573 shares, worth roughly $2.62 million.
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 jump 1.04% to $111.23. Over the last five days, the stock has gained 7.12%. East West Bancorp, Inc shares have risen nearly 54.59% since the year began. Nevertheless, the stocks have risen 82.25% over the past one year. While a 52-week high of $110.31 was reached on 11/25/24, a 52-week low of $60.34 was recorded on 02/07/24. SMA at 50 days reached $93.03, while 200 days put it at $80.47.
Levels Of Support And Resistance For EWBC Stock
The 24-hour chart illustrates a support level at 110.30, which if violated will result in even more drops to 109.36. On the upside, there is a resistance level at 113.06. A further resistance level may holdings at 114.88. The Relative Strength Index (RSI) on the 14-day chart is 73.01, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.96, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.50%. Stochastics %K at 88.28% indicates the stock is a selling.
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 2024-10-31, dropping by -0.45 million shares to a total of 4.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.92 million shares. There was a decline of -10.1%, which implies that there is a negative sentiment for the stock.
