Western Alliance Bancorporation (WAL) : Mondays money flow data in Western Alliance Bancorporation (WAL) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $8.87 million, whereas, $3.32 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 2.67, in favor of the bulls. The total money flow into the stock was $5.55 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $5.5 million. The total value of block trades done on upticks was $5.5 million. Western Alliance Bancorporation (WAL) fell $0.21 and traded at $34.54, down -0.6% for the day, over previous days close. On a weekly basis, the shares are 6.44% over the previous weeks close.
Western Alliance Bancorporation has dropped 3.22% during the last 3-month period . Year-to-Date the stock performance stands at -3.68%. Shares of Western Alliance Bancorporation rose by 5.08% in the last five trading days and 2.92% for the last 4 weeks. In a related news, The Securities and Exchange Commission has divulged that Johnson Marianne Boyd, director of Western Alliance Bancorporation, had unloaded 5,000 shares at an average price of $37.76 in a transaction dated on June 7, 2016. The total value of the transaction was worth $188,800.
Western Alliance Bancorporation (NYSE:WAL): On Mondays trading session , Opening price of the stock was $34.71 with an intraday high of $34.82. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $34.36. However, the stock managed to close at $34.54, a loss of 0.60% for the day. On the previous day, the stock had closed at $34.75. The total traded volume of the day was 734,390 shares.
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.