East West Bancorp, Inc’s filing revealed 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 $4.55 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 $2.36 million.
A number of analysts have revised their coverage, including Stephens’s analysts, who decreased its forecast for the stock in early December from “an Overweight” to “an Equal-weight”. Barclays began covering EWBC with “an Overweight” recommendation on March 08, 2024. Stephens started covering the stock on December 08, 2023. It rated EWBC as “an Overweight”.
Price Performance Review of EWBC
On Tuesday, East West Bancorp, Inc [NASDAQ:EWBC] saw its stock fall -1.76% to $100.18. Over the last five days, the stock has lost -3.31%. East West Bancorp, Inc shares have risen nearly 39.24% since the year began. Nevertheless, the stocks have risen 40.35% over the past one year. While a 52-week high of $113.95 was reached on 11/25/24, a 52-week low of $67.27 was recorded on 02/07/24. SMA at 50 days reached $100.14, while 200 days put it at $82.97.
Levels Of Support And Resistance For EWBC Stock
The 24-hour chart illustrates a support level at 99.16, which if violated will result in even more drops to 98.14. On the upside, there is a resistance level at 101.34. A further resistance level may holdings at 102.50. The Relative Strength Index (RSI) on the 14-day chart is 41.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.05%. Stochastics %K at 6.88% indicates the stock is a buying.
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 2024-11-29, dropping by -0.45 million shares to a total of 4.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.47 million shares. There was a decline of -11.07%, which implies that there is a negative sentiment for the stock.
