Western Alliance Bancorporation (WAL) Files Form 4 Insider Selling : M Nafees Nagy Sells 100,000 Shares

Western Alliance Bancorporation (WAL): M Nafees Nagy , director of Western Alliance Bancorporation sold 100,000 shares on May 24, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $36.64 per share for a total value of $3,664,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 26, 2016, James Harwood Iii Lundy (EVP, Arizona Administration) sold 12,578 shares at $36.64 per share price.On May 20, 2016, Duane Ralph Froeschle (Executive Vice President) sold 10,147 shares at $35.25 per share price.Also, On May 4, 2016, William S Boyd (director) sold 2,018 shares at $36.54 per share price.On May 3, 2016, Daniel P Myers (EVP Northern CA Administration) sold 17,000 shares at $36.30 per share price.

Western Alliance Bancorporation: On Wednesday, May 25, 2016 heightened volatility was witnessed in Western Alliance Bancorporation which led to swings in the share price. The shares opened for trading at $36.92 and hit $38.03 on the upside , eventually ending the session at $37.65, with a gain of 2.70% or 0.99 points. The heightened volatility saw the trading volume jump to 14,36,144 shares. The 52-week high of the share price is $39.11 and the company has a market cap of $3,897 M . The 52-week low of the share price is at $26.6.

Western Alliance Bancorporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Western Alliance Bancorporation is Upgraded by Keefe Bruyette to Outperform. Earlier the firm had a rating of Mkt Perform on the company shares. The Rating was issued on Mar 30, 2016.

Western Alliance Bancorporation (WAL) is a bank holding company. The Company provides a range of deposits lending treasury management and online banking products and services through its banking subsidiary Western Alliance Bank (the Bank). The Company’s segments are Arizona Nevada Southern California Northern California Central Business Line (CBL) and Corporate & Other. Its Arizona Nevada and California segments provide full-service banking and related services to their respective markets. It provides a range of financial services to customers including commercial real estate (CRE) loans construction and land development loans commercial loans and consumer loans through the Bank and its banking divisions and operating subsidiaries. It offers a range of deposit products including checking accounts money market accounts and other types of deposit accounts such as fixed-rate and fixed maturity retail certificates of deposit.

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