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 $1.47 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 $3.41 million.
A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who increased its forecast for the stock in early October from “a Hold” to “a Buy”. Barclays started covering the stock on March 08, 2024. It rated WAL as “an Overweight”.
Price Performance Review of WAL
On Tuesday, Western Alliance Bancorp [NYSE:WAL] saw its stock fall -3.03% to $88.33. Over the last five days, the stock has lost -2.11%. Western Alliance Bancorp shares have risen nearly 34.26% since the year began. Nevertheless, the stocks have risen 38.60% over the past one year. While a 52-week high of $98.10 was reached on 11/25/24, a 52-week low of $53.75 was recorded on 04/19/24. SMA at 50 days reached $89.12, while 200 days put it at $73.48.
Levels Of Support And Resistance For WAL Stock
The 24-hour chart illustrates a support level at 86.79, which if violated will result in even more drops to 85.24. On the upside, there is a resistance level at 90.73. A further resistance level may holdings at 93.12. The Relative Strength Index (RSI) on the 14-day chart is 43.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.66%. Stochastics %K at 18.54% indicates the stock is a buying.
How much short interest is there in Western Alliance Bancorp?
A steep rise in short interest was recorded in Western Alliance Bancorp stocks on 2024-11-29, growing by 78542.0 shares to a total of 6.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 6.4 million shares. There was a rise of 1.21%, which implies that there is a positive sentiment for the stock.
