Watch for Continued Gains in Shares of Western Alliance Bancorporation (DE) (WAL)

February 22, 2021 11:20:36

Western Alliance Bancorporation (DE) (NYSE:WAL) traded at a new 52-week high today of $90.11. This new high was reached on below average trading volume as 214,000 shares traded hands, while the average 30-day volume is approximately 759,000 shares.

In the past 52 weeks, shares of Western Alliance Bancorporation (DE) have traded between a low of $20.90 and a high of $90.11 and is now at $90.06, which is 331% above that low price.

Western Alliance Bancorporation is a Las Vegas-based holding company with regional banks operating in Nevada, Arizona, and California. The bank offers retail banking services and focuses on mortgages for retail customers and commercial loans, mainly for real estate. The bank also has an investment advisory business that manages investment portfolios for Western clients and clients of other banks.

Western Alliance Bancorporation (DE) (NYSE:WAL) is currently priced 8.0% above its average consensus analyst price target of $82.82.

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