Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. East West Bancorp, Inc shares valued at $1,279,380 were sold by KRAUSE DOUGLAS PAUL on Nov 12 ’24. At $106.61 per share, KRAUSE DOUGLAS PAUL sold 12,000 shares. The insider’s holdings dropped to 45,403 shares worth approximately $4.56 million following the completion of this transaction.
Also, KRAUSE DOUGLAS PAUL purchased 12,000 shares, netting a total of over 1,271,760 in proceeds.
Before that, SUSSMAN LESTER had sold 1,000 shares from its account. In a trade valued at $105,940, the Director traded East West Bancorp, Inc shares for $105.94 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $2.37 million.
Analysts at Stephens downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in early December. As of March 08, 2024, Barclays has initiated its “an Overweight” rating for EWBC. Earlier on December 08, 2023, Stephens initiated its rating. Their recommendation was “an Overweight” for EWBC stock.
Analyzing EWBC Stock Performance
During the last five days, there has been a surge of approximately 5.20%. Over the course of the year, East West Bancorp, Inc shares have jumped approximately 4.98%. Shares of the company reached a 52-week high of $101.66 on 01/15/25 and a 52-week low of $91.25 on 01/10/25. A 50-day SMA is recorded $101.58, while a 200-day SMA reached $84.74. Nevertheless, trading volume fell to 1.03 million shares from 1.03 million shares the previous day.
Support And Resistance Levels for East West Bancorp, Inc (EWBC)
According to the 24-hour chart, there is a support level at 99.59, which, if violated, would cause prices to drop to 98.65. In the upper region, resistance lies at 101.57. The next price resistance is at 102.60. RSI (Relative Strength Index) is 56.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.89, which suggests the price will increase in the coming days. Percent R is at 10.85%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
