Western Alliance Bancorp’s filing revealed that its Director Segedi Bryan K unloaded Company’s shares for reported $94360.0 on Nov 13 ’24. In the deal valued at $94.36 per share,1,000 shares were sold. As a result of this transaction, Segedi Bryan K now holds 16,675 shares worth roughly $1.6 million.
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Then, Segedi Bryan K bought 1,000 shares, generating $94,583 in total proceeds.
Before that, LATTA ROBERT P sold 2,955 shares. Western Alliance Bancorp shares valued at $239,710 were divested by the Director at a price of $81.12 per share. As a result of the transaction, LATTA ROBERT P now holds 38,621 shares, worth roughly $3.69 million.
Deutsche Bank upgraded its Western Alliance Bancorp [WAL] rating to a Buy from a a Hold in a research note published on October 07, 2024; the price target was increased to $101 from $83. Barclays began covering WAL with “an Overweight” recommendation on March 08, 2024. Wells Fargo revised its rating on January 30, 2024. It rated WAL as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of WAL
On Monday, Western Alliance Bancorp [NYSE:WAL] saw its stock jump 2.15% to $95.66. Over the last five days, the stock has gained 7.16%. Western Alliance Bancorp shares have risen nearly 45.40% since the year began. Nevertheless, the stocks have risen 95.03% over the past one year. While a 52-week high of $96.45 was reached on 11/25/24, a 52-week low of $47.60 was recorded on 04/19/24. SMA at 50 days reached $87.07, while 200 days put it at $71.02.
Levels Of Support And Resistance For WAL Stock
The 24-hour chart illustrates a support level at 94.43, which if violated will result in even more drops to 93.20. On the upside, there is a resistance level at 97.49. A further resistance level may holdings at 99.33. The Relative Strength Index (RSI) on the 14-day chart is 63.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.67, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.36%. Stochastics %K at 74.41% indicates the stock is a holding.
How much short interest is there in Western Alliance Bancorp?
A steep rise in short interest was recorded in Western Alliance Bancorp stocks on 2024-10-31, dropping by -1.05 million shares to a total of 6.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 7.45 million shares. There was a decline of -16.38%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 01, 2023 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $61 price target.
