East West Bancorp, Inc’s recent filing unveils 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 $70.03 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.
Morgan Stanley downgraded its East West Bancorp, Inc [EWBC] rating to an Equal-weight from a an Overweight in a research note published recently. Stephens also remained covering EWBC and has decreased its forecast on December 09, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Barclays started covering the stock on March 08, 2024. It rated EWBC as “an Overweight”.
Price Performance Review of EWBC
On Monday, East West Bancorp, Inc [NASDAQ:EWBC] saw its stock fall -2.32% to $72.32. Over the last five days, the stock has lost -19.43%. East West Bancorp, Inc shares have fallen nearly -24.48% since the year began. Nevertheless, the stocks have fallen -3.56% 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 04/07/25. SMA at 50 days reached $92.97, while 200 days put it at $90.21.
Levels Of Support And Resistance For EWBC Stock
The 24-hour chart illustrates a support level at 69.02, which if violated will result in even more drops to 65.73. On the upside, there is a resistance level at 76.34. A further resistance level may holdings at 80.37. The Relative Strength Index (RSI) on the 14-day chart is 22.46, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.75%. Stochastics %K at 8.78% indicates the stock is a buying.
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 2025-03-14, dropping by 56380.0 shares to a total of 3.25 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 3.31 million shares. There was a decline of -1.73%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 08, 2023 when Stephens began covering the stock and recommended ‘”an Overweight”‘ rating along with a $79 price target.
