Western Alliance Bancorporation (WAL) : The money flow analysis of Western Alliance Bancorporation (WAL) indicates a $0.07 million of outflow was on downticks, whereas, the investors on Friday gobbled up stocks worth $0.31 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 4.3 and so was the total money flow at $0.24 million. The bulls lapped up $0 million worth of block trades on upticks. The money flow was $0 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Western Alliance Bancorporation (WAL), pushing it down by -0.18% for the day. The stock slid $0.07 and traded at $37.89 during the day. Nonetheless, the stock is 1.07% over the previous weeks close.
The company Insiders own 10.27% of Western Alliance Bancorporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -12.3% . Institutional Investors own 80.44% of Western Alliance Bancorporation shares. During last six month period, the net percent change held by insiders has seen a change of -12.17%.
In a related news, The Securities and Exchange Commission has divulged that Boyd William S, director of Western Alliance Bancorporation, had unloaded 4,500 shares at an average price of $38 in a transaction dated on August 31, 2016. The total value of the transaction was worth $171,000.
Western Alliance Bancorporation (NYSE:WAL): The stock opened at $38.02 and touched an intraday high of $38.34 on Friday. During the day, the stock corrected to an intraday low of $37.66, however, the bulls stepped in and pushed the price higher to close in the green at $38.34 with a gain of 1.00% for the day. The total traded volume for the day was 472,558. The stock had closed at $37.96 in the previous trading session.
Western Alliance Bancorporation (WAL) : Traders are bullish on Western Alliance Bancorporation (WAL) as it has outperformed the S&P 500 by a wide margin of 8.79% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.75%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.27% in the last 1 week, and is up 8.64% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
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.