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 $75,762 were sold by LIU JACK C on Jan 28 ’25. At $104.50 per share, LIU JACK C sold 725 shares. The insider’s holdings dropped to 15,832 shares worth approximately $1.63 million following the completion of this transaction.
Also, LIU JACK C purchased 2,000 shares, netting a total of over 209,000 in proceeds.
Before that, KRAUSE DOUGLAS PAUL had sold 12,000 shares from its account. In a trade valued at $1,279,380, the Vice Chairman traded East West Bancorp, Inc shares for $106.61 each. Upon closing the transaction, the insider’s holdings decreased to 12,000 shares, worth approximately $4.69 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 0.49%. Over the course of the year, East West Bancorp, Inc shares have jumped approximately 7.82%. Shares of the company reached a 52-week high of $104.50 on 01/28/25 and a 52-week low of $91.25 on 01/10/25. A 50-day SMA is recorded $101.67, while a 200-day SMA reached $85.96. Nevertheless, trading volume fell to 0.77 million shares from 0.62 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 102.36, which, if violated, would cause prices to drop to 101.47. In the upper region, resistance lies at 104.15. The next price resistance is at 105.04. RSI (Relative Strength Index) is 59.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.90, which suggests the price will increase in the coming days. Percent R is at 9.43%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
