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12/07/2023 16:10:00 EST
Western Alliance Bancorporation (WAL)
Industry: Banks - Regional
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 30 trading days, WAL has been trading in a range between $49.50 and $39.80 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
WAL is trading below resistance at $55.15, about 1% to the upside. There is support at $48.50 -12% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Western Alliance Bancorporation (WAL) entered a Green zone 17 days ago on the AI powered stock chart. Wall Street analysts have a recent rating of 4.500, which is a Strong Buy. The current analyst target price is $57.84, which gives it a potential upside of 5.47 % from the recent price of 54.84. The stock is trading 43.27% (potential upside) below its 52 week high of $78.57 and 396.74 % (potential downside) above its 52 week low of $11.04 - based on the recent price.
Company Summary
Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada It operates through Commercial and Consumer Related segments. The company offers deposit products, including checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; demand deposits; and treasury management and residential mortgage products and services.
News
| KBW spotlights East West Bancorp, Webster Bank and Western Alliance as offering growth and value in tough year for bank stocks KBW analyst Chris McGratty said the bank sees potential upside for at least three regional bank stocks in a tough year for the sector. Source: Market Watch Wed, 22 Nov 2023 11:38:00 -0500 Sentiment: Positive |
| Craig Hirson Named Commercial Banking Market Executive for Greater Los Angeles and Orange County at Western Alliance Bank SAN DIEGO--(BUSINESS WIRE)--Western Alliance Bank today announced that Craig Hirson has been appointed as the organization's Commercial Banking Market Executive for Greater Los Angeles and Orange County. “Craig's expertise in the greater Los Angeles and Orange County markets will allow us to deepen our focus on the commercial market at Western Alliance Bank,” said Julian Parra, head of commercial and industrial banking for California at Western Alliance Bank. “His background will be an invaluab. Source: Business Wire Wed, 08 Nov 2023 17:03:00 -0500 Sentiment: Neutral |
| Matt Griesbach Named Commercial Banking Executive for Aerospace and Defense at Western Alliance Bank SAN DIEGO--(BUSINESS WIRE)--Western Alliance Bank today announced that Matt Griesbach has been appointed as the organization's Commercial and Industrial Industry Executive for Aerospace and Defense. "Matt's exceptional leadership in the aerospace and defense industry is a tremendous asset to the Commercial Banking team at Western Alliance Bank," said Julian Parra, Head of Commercial and Industrial Banking for California at Western Alliance Bank. "These industries play a pivotal role in the econ. Source: Business Wire Wed, 08 Nov 2023 09:57:00 -0500 Sentiment: Neutral |
| 5 Stocks to Watch on Their Recent Dividend Hike Five stocks with recent dividend hike are in focus. These are: HUBB, AGRO, WAL, SJW, FBIZ. Source: Zacks Investment Research Tue, 07 Nov 2023 09:01:18 -0500 Sentiment: Neutral |
| Banking and trucking: Is the economy rolling toward troubles? The SPDR S&P Regional Banking ETF NYSEARCA: KRE closed 1.08% lower on November 6, after a privately held regional bank was closed by the Iowa Division of Banking. Source: MarketBeat Tue, 07 Nov 2023 08:41:34 -0500 Sentiment: Negative |
Technicals 52 Week Hi: 78.5675 52 Week Low: 11.0386 Beta: 1.472 50 Day MA: 45.9858 200 Day MA: 43.6593 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.186 Qtr Revenue Growth YOY: 0.108 Forward PE: 6.4061 Trailing PE: 6.8198