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East West Bancorp, Inc (EWBC) gets rating Resumed from UBS

East West Bancorp, Inc’s filing revealed that its Director LIU JACK C unloaded Company’s shares for reported $0.13 million on Jan 30 ’25. In the deal valued at $104.53 per share,1,275 shares were sold. As a result of this transaction, LIU JACK C now holds 14,557 shares worth roughly $1.48 million.

Then, LIU JACK C sold 725 shares, generating $75,762 in total proceeds. Upon selling the shares at $104.50, the Director now owns 15,832 shares.

Before that, LIU JACK C bought 2,000 shares. East West Bancorp, Inc shares valued at $209,000 were divested by the Director at a price of $104.50 per share.

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 jump 1.50% to $101.63. Over the last five days, the stock has lost -1.35%. East West Bancorp, Inc shares have risen nearly 6.13% since the year began. Nevertheless, the stocks have risen 46.78% over the past one year. While a 52-week high of $113.95 was reached on 01/31/25, a 52-week low of $67.27 was recorded on 01/10/25. SMA at 50 days reached $101.54, while 200 days put it at $86.56.

Levels Of Support And Resistance For EWBC Stock

The 24-hour chart illustrates a support level at 100.52, which if violated will result in even more drops to 99.41. On the upside, there is a resistance level at 102.38. A further resistance level may holdings at 103.12. The Relative Strength Index (RSI) on the 14-day chart is 52.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.62%. Stochastics %K at 60.31% indicates the stock is a holding.

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 2024-12-31, dropping by -0.62 million shares to a total of 3.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 4.03 million shares. There was a decline of -18.21%, which implies that there is a negative sentiment for the stock.

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