Western Alliance Bancorporation (NYSE:WAL) : During the past 4 weeks, traders have been relatively bearish on Western Alliance Bancorporation (NYSE:WAL), hence the stock is down -11.81% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.47% relative to the S&P 500. The stock has risen by 0.81% in the past week indicating that the buyers are active at lower levels, but the stock is down -10.38% in the past 4 weeks.
The company shares have dropped -6.40% from its 1 Year high price. On Nov 11, 2015, the shares registered one year high at $39.11 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $34.75 and the 200 Day Moving Average price is recorded at $33.35.
The stock has recorded a 20-day Moving Average of 2.3% and the 50-Day Moving Average is 7.05%.
Western Alliance Bancorporation (NYSE:WAL): stock turned positive on Friday. Though the stock opened at $32.49, the bulls momentum made the stock top out at $33.03 level for the day. The stock recorded a low of $32.4 and closed the trading day at $32.45, in the green by 1.53%. The total traded volume for the day was 610,832. The stock had closed at $31.96 in the previous days trading.
In an insider trading activity, The director, of Western Alliance Bancorporation, Johnson Marianne Boyd had unloaded 5,000 shares at $37.76 per share in a transaction on June 7, 2016. The total value of transaction was $188,800. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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 Companys 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.