The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 $1.38 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 $3.2 million.
Analysts at Deutsche Bank upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early October. Earlier on March 08, 2024, Barclays initiated its rating. Their recommendation was “an Overweight” for WAL stock.
Analyzing WAL Stock Performance
During the last five days, there has been a drop of approximately -2.18%. Over the course of the year, Western Alliance Bancorp shares have dropped approximately -0.77%. Shares of the company reached a 52-week high of $85.55 on 01/02/25 and a 52-week low of $81.99 on 01/02/25. A 50-day SMA is recorded $88.40, while a 200-day SMA reached $74.73. Nevertheless, trading volume fell to 0.73 million shares from 0.47 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 81.41, which, if violated, would cause prices to drop to 79.92. In the upper region, resistance lies at 84.97. The next price resistance is at 87.04. RSI (Relative Strength Index) is 34.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.28, which suggests the price will decrease in the coming days. Percent R is at 90.52%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
