East West Bancorp, Inc’s filing revealed that its Chief Executive Officer NG DOMINIC unloaded Company’s shares for reported $1.78 million on Mar 19 ’25. In the deal valued at $90.00 per share,19,819 shares were sold. As a result of this transaction, NG DOMINIC now holds 968,314 shares worth roughly $90.3 million.
Then, NG DOMINIC sold 20,181 shares, generating $1,816,492 in total proceeds. Upon selling the shares at $90.01, the Chief Executive Officer now owns 988,133 shares.
Before that, NG DOMINIC bought 40,000 shares. East West Bancorp, Inc shares valued at $3,600,000 were divested by the Officer at a price of $90.00 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 Monday, East West Bancorp, Inc [NASDAQ:EWBC] saw its stock jump 3.63% to $93.26. Over the last five days, the stock has gained 5.03%. East West Bancorp, Inc shares have fallen nearly -2.61% since the year began. Nevertheless, the stocks have risen 22.82% over the past one year. While a 52-week high of $113.95 was reached on 01/31/25, a 52-week low of $68.78 was recorded on 03/11/25. SMA at 50 days reached $95.82, while 200 days put it at $89.47.
Levels Of Support And Resistance For EWBC Stock
The 24-hour chart illustrates a support level at 91.69, which if violated will result in even more drops to 90.13. On the upside, there is a resistance level at 94.23. A further resistance level may holdings at 95.21. The Relative Strength Index (RSI) on the 14-day chart is 55.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.72, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.65%. Stochastics %K at 69.90% 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 2025-02-28, dropping by -0.64 million shares to a total of 3.31 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 3.95 million shares. There was a decline of -19.3%, which implies that there is a negative sentiment for the stock.
