Western Alliance Bancorp (WAL) is Trading Lower on Unusual Volume for January 01

Equities Staff |

Western Alliance Bancorp (WAL) experienced unusually high volume on Jan. 01, as the stock lost 0.75% to a closing price of $35.86. The stock saw 1.02 million shares trade hands over the course of the day on 7,213 trades. Given that the stock’s average daily volume over the last month has been 620,328 shares a day, this represents a pretty substantial spike over the norm.

Western Alliance Bancorp has a P/B ratio of 2.43. It also has a P/E ratio of 19.2. The stock has traded between $39.11 and $24.52 over the last 52-weeks, its 50-day SMA is now $37.01, and its 200-day SMA $33.26.

Western Alliance Bancorp provides banking and lending services to locally owned businesses, professional firms, real estate developers and investors and other consumers. It addition it also holds & manages certain non-performing loans and OREO.

Headquartered in Phoenix, AZ, Western Alliance Bancorp has 1,131 employees and is currently under the leadership of CEO Robert G. Sarver / Gary Cady.

For a complete fundamental analysis analysis of Western Alliance Bancorp, check out Equities.com’s Stock Valuation Analysis report for WAL. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

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For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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