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Insider at Western Alliance Bancorp (WAL) Makes Significant Sale of Stock

05/10/2021 18:27

10:20 PM EDT, 05/10/2021 (MT Newswires) -- An insider -- Steven J Hilton, Director -- sold 10,000 shares of Western Alliance Bancorp having a market value of approximately $1,081,900 today, as revealed in a form 4 document filed with the SEC. There have been 7 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 102,697 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 112,697 shares and have averaged 14,087 shares per transaction over this time period.

The number of insider buy/sell trades at Western Alliance Bancorp is greater than the 212 peer company average over the last 90-day period. The Corporate Banks peer group saw 309 buy/sell trades during this period for an average of 1.5 transactions per company. The number of shares per buy/sell trade for Western Alliance Bancorp insiders was also higher. Within the peer group there were 309,611 shares purchased and 1,820,490 shares sold with company insiders disposing of 4,890 shares on average.

In order to focus on significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated from data obtained to evaluate and write this story.

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.