Western Alliance Bancorp (NYSE: WAL) is 17.33% higher on its value in year-to-date trading and has touched a low of $38.81 and a high of $78.27 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WAL stock was last observed hovering at around $76.72 in the last trading session, with the day’s gains setting it 0.47%.
Currently trading at $77.19, the stock is 18.31% and 22.24% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.57 million and changing 0.61% at the moment leaves the stock 32.78% off its SMA200. WAL registered 59.15% gain for a year compared to 6-month loss of 18.75%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 29.34% gain in the last 1 month and extending the period to 3 months gives it a 34.38%, and is 10.52% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.55% over the week and 3.55% over the month.
Western Alliance Bancorp (WAL) has around 3260 employees, a market worth around $8.50B and $4.71B in sales. Current P/E ratio is 11.61 and Fwd P/E is 8.29. Profit margin for the company is 15.33%. Distance from 52-week low is 98.89% and -1.38% from its 52-week high. The company has generated returns on investments over the last 12 months (5.57%).
The EPS is expected to grow by 11.62% this year.
Western Alliance Bancorp (WAL) Top Institutional Holders
The shares outstanding are 109.47M, and float is at 108.34M with Short Float at 4.87%.
Western Alliance Bancorp (WAL) Insider Activity
The most recent transaction is an insider sale by Ardrey J. Kelly Jr.,the company’sChief Accounting Officer. SEC filings show that Ardrey J. Kelly Jr. sold 1,000 shares of the company’s common stock on May 23 ’24 at a price of $64.20 per share for a total of $64200.0. Following the sale, the insider now owns 5636.0 shares.
Western Alliance Bancorp disclosed in a document filed with the SEC on May 22 ’24 that Ardrey J. Kelly Jr. (Chief Accounting Officer) sold a total of 2,000 shares of the company’s common stock. The trade occurred on May 22 ’24 and was made at $64.10 per share for $0.13 million. Following the transaction, the insider now directly holds 6636.0 shares of the WAL stock.
Still, SEC filings show that on Dec 11 ’23, LATTA ROBERT P (Director) disposed off 5,370 shares at an average price of $56.07 for $0.3 million. The insider now directly holds 2,996 shares of Western Alliance Bancorp (WAL).
