Western Alliance Bancorporation (WAL) Shares are Up 0.48%

Western Alliance Bancorporation (WAL) has been under a strong bear grip, hence the stock is down -1.56% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.32% in the past 1 week. The stock has risen by 0.48% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.09% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 1.63% and the 50-Day Moving Average is 3.95%.The 200 Day SMA reached 9.94%


Western Alliance Bancorporation (NYSE:WAL): After opening at $37.14, the stock dipped to an intraday low of $36.93 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $37.68 and the buying power remained strong till the end. The stock closed at $37.54 for the day, a gain of 1.60% for the day session. The total traded volume was 601,267. The stocks close on the previous trading day was $37.54.

Western Alliance Bancorporation (WAL) has been rated by 4 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $44 and the lowest price target forecast is $40. The average forecast of all the analysts is $42.13 and the expected standard deviation is $1.65.

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.

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