Western Alliance Bancorporation (WAL) Shares are Up 0.06%

On a relative basis, the stock has outperformed the S&P 500 by 2.52% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.06% in the last 1 week, and is up 9.44% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Western Alliance Bancorporation (NYSE:WAL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.27 and $33.53 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.11. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.77, notching a gain of 1.40% for the day. The total traded volume was 1,026,689 . The stock had closed at $34.29 on the previous day.


The stock has recorded a 20-day Moving Average of 5.4% and the 50-Day Moving Average is 0.42%. Western Alliance Bancorporation has dropped 5.03% during the last 3-month period . Year-to-Date the stock performance stands at -3.04%.

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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