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

Western Alliance Bancorporation (DE) (NYSE:WAL) traded at a new 52-week high today of $114.27. This new high was reached on below average trading volume as 124,000 shares traded hands, while the average 30-day volume is approximately 586,000 shares.

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 31.6% above its average consensus analyst price target of $77.27.

Over the past year, Western Alliance Bancorporation (DE) has traded in a range of $36.54 to $114.27 and is now at $113.04, 209% above that low.

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