WAL - WAL

Western Alliance에 대한 매도 수량은 투자자에게 Western Alliance의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Western Alliance (NYSE:WAL) 주식, 공매도 수량 보고

Western Alliance

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. The company's reportable segments are Commercial segment includes provides commercial banking and treasury management products and services to small and middle-market businesses, specialized banking services to sophisticated commercial institutions and investors within niche industries, as well as financial services to the real estate industry. Consumer Related segment offers both commercial banking services to enterprises in consumer-related sectors and consumer banking services, such as residential mortgage banking. Corporate & Other.

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웨스턴 얼라이언스 뱅코퍼레이션(NYSE:WAL)은 목요일 시장 마감 이후 1분기 실적 결과를 보고했다. 자세한 내용은 다음과 같다. 주요 내용 (The Details): 웨스턴 얼라이언스는 분기별 수익을 주당 1.60달러로 보고했는데, 이는 컨센서스 추정치인 1.66달러를 3.61% 하회하고 작년 같은 기간보다 30.43% 감소한 수치이다.

웨스턴 얼라이언스: 1분기 이익은 예상 하회, 매출은 상회로 주가는 하락

Western Alliance Bancorporation Common Stock (DE)

Western Alliance Bancorp

Waldencast PLC

MegaWatt Lithium and Battery Metals Corp Ordinary Shares

MEGAWATT LITHM&BATT MTLS by MEGAWATT LITHIUM & BATTERY METALS CORP.

MegaWatt Lithium and Battery Metals Corp

Western Alliance Bancorporation Depositary Shares, Each Representing a 1/400th Interest in a Share of 4.250% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A

Launched on 06/19/2006, the SPDR S&amp;P Regional Banking ETF (ARCA:KRE) is a smart beta exchange traded fund offering broad exposure to the Financials ETFs category of the market.
<h2>What Are Smart Beta ETFs?</h2>
The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment.
Market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns, and are a good option for investors who believe in market efficiency.
There are some investors, though, who think it&#39;s possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.
Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.
Even though this space provides many choices to investors--think one of the simplest methodologies like equal-weighting and more complicated ones like fundamental and volatility/momentum based weighting--not all have been able to deliver first-rate results.
<h2>Fund Sponsor &amp; Index</h2>
The fund is sponsored by State Street Global Advisors. It has amassed assets over $3.25 billion, making it one of the largest ETFs in the Financials ETFs. Before fees and expenses, this particular fund seeks to match the performance of the S&amp;P Regional Banks Select Industry Index.
The S&amp;P Regional Banks Select Industry Index represents the regional banks segment of the S&amp;P Total Market Index.
<h2>Cost &amp; Other Expenses</h2>
Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive cousins if all other fundamentals are the same.
Operating expenses on an annual basis are 0.35% for KRE, making it one of the least expensive products in the space.
It&#39;s 12-month trailing dividend yield comes in at 2.79%.
<h2>Sector Exposure and Top Holdings</h2>
Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund&#39;s holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
For KRE, it has heaviest allocation in the Financials sector --about 100% of the portfolio.
When you look at individual holdings, Western Alliance Bancorp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wal#NYSE">WAL</a>) accounts for about 2.46% of the fund&#39;s total assets, followed by Columbia Banking System Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/colb#NASDAQ">COLB</a>) and Valley National Bancorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vly#NASDAQ">VLY</a>).
Its top 10 holdings account for approximately 22.73% of KRE&#39;s total assets under management.
<h2>Performance and Risk</h2>
So far this year, KRE has added roughly 9.31%, and was up about 32.96% in the last one year (as of 09/17/2024). During this past 52-week period, the fund has traded between $38.57 and $59.23.
The fund has a beta of 1.07 and standard deviation of 30.92% for the trailing three-year period, which makes KRE a high risk choice in this particular space. With about 143 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
SPDR S&amp;P Regional Banking ETF is not a suitable option for investors seeking to outperform the Financials ETFs segment of the market. Instead, there are other ETFs in the space which investors should consider.
Invesco KBW Regional Banking ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kbwr#NASDAQ">KBWR</a>) tracks KBW Nasdaq Regional Banking Index and the iShares U.S. Regional Banks ETF (ARCA:IAT) tracks Dow Jones U.S. Select Regional Banks Index. Invesco KBW Regional Banking ETF has $52.29 million in assets, iShares U.S. Regional Banks ETF has $640.56 million. KBWR has an expense ratio of 0.35% and IAT charges 0.40%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Financials ETFs.
<a href="https://www.zacks.com/stock/news/2336916/is-spdr-s-p-regional-banking-etf-kre-a-strong-etf-right-now?cid=CS-BENZ-FT-smart_beta_etf-2336916">To read this article on Zacks.com click here.</a>

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Markets

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ETFs

COLB

iShares Dow Jones US Regional Banks Index Fund

KBWR

Is SPDR S&P Regional Banking ETF a Strong ETF Right Now?

Western Alliance's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) short percent of float has risen 3.61% since its last report. The company recently reported that it has 5.22 million shares sold short, which is 4.88% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.29 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Western Alliance Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724080511_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Western Alliance has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Western Alliance's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Western Alliance's peer group average for short interest as a percentage of float is 3.37%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Western Alliance's Recent Short Interest

WIIM

BBAR

CADE

EWBC

FCNCA

FITB

HBAN

HMNF

HSBC

MUFG

VBFC

Shares of banking companies are trading lower amid overall market weakness following weak US jobs data.

Financial giants have made a conspicuous bearish move on Western Alliance. Our analysis of options history for Western Alliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) revealed 48 unusual trades.
Delving into the details, we found 25% of traders were bullish, while 68% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $915,180, and 43 were calls, valued at $1,741,360.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $95.0 for Western Alliance over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Western Alliance stands at 14.75, with a total volume reaching 105,781.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Western Alliance, situated within the strike price corridor from $30.0 to $95.0, throughout the last 30 days.
<h3>Western Alliance Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722023150_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WAL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$4.0</td>
<td>$3.4</td>
<td>$4.0</td>
<td>$65.00</td>
<td>$600.0K</td>
<td style="text-align: right;">0</td>
<td>1.5K</td>
</tr>
<tr>
<td>WAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$6.2</td>
<td>$5.3</td>
<td>$5.78</td>
<td>$85.00</td>
<td>$115.6K</td>
<td style="text-align: right;">1</td>
<td>200</td>
</tr>
<tr>
<td>WAL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$3.9</td>
<td>$3.7</td>
<td>$3.88</td>
<td>$82.50</td>
<td>$97.0K</td>
<td style="text-align: right;">0</td>
<td>577</td>
</tr>
<tr>
<td>WAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/16/24</td>
<td>$6.1</td>
<td>$5.3</td>
<td>$5.81</td>
<td>$85.00</td>
<td>$57.7K</td>
<td style="text-align: right;">1</td>
<td>300</td>
</tr>
<tr>
<td>WAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$4.3</td>
<td>$4.2</td>
<td>$4.2</td>
<td>$95.00</td>
<td>$48.3K</td>
<td style="text-align: right;">33</td>
<td>5.9K</td>
</tr>
</tbody>
</table>

<h3>About Western Alliance</h3>
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. The company's reportable segments are Commercial segment includes provides commercial banking and treasury management products and services to small and middle-market businesses, specialized banking services to sophisticated commercial institutions and investors within niche industries, as well as financial services to the real estate industry. Consumer Related segment offers both commercial banking services to enterprises in consumer-related sectors and consumer banking services, such as residential mortgage banking. Corporate &amp; Other.
In light of the recent options history for Western Alliance, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is Western Alliance Standing Right Now?</h3>
<ul>
<li>With a trading volume of 1,029,934, the price of WAL is up by 2.05%, reaching $81.5.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 83 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Western Alliance</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $85.6.
<ul>
<li>Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on Western Alliance with a target price of $74. </li>
<li>An analyst from Piper Sandler has decided to maintain their Overweight rating on Western Alliance, which currently sits at a price target of $93. </li>
<li>An analyst from B of A Securities persists with their Buy rating on Western Alliance, maintaining a target price of $98. </li>
<li>An analyst from Wells Fargo persists with their Equal-Weight rating on Western Alliance, maintaining a target price of $85. </li>
<li>An analyst from RBC Capital has decided to maintain their Outperform rating on Western Alliance, which currently sits at a price target of $78. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Western Alliance options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Decoding Western Alliance's Options Activity: What's the Big Picture?

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$8.50</td>
<td>$25.1K</td>
<td>1.0K</td>
<td>80.9K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>08/02/24</td>
<td>$270.00</td>
<td>$35.5K</td>
<td>2.5K</td>
<td>16.3K</td>
</tr>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$60.00</td>
<td>$30.4K</td>
<td>20.6K</td>
<td>2.3K</td>
</tr>
<tr>
<td>COOP</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$100.00</td>
<td>$610.0K</td>
<td>1.1K</td>
<td>1.5K</td>
</tr>
<tr>
<td>SQ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$70.00</td>
<td>$86.1K</td>
<td>1.3K</td>
<td>972</td>
</tr>
<tr>
<td>BX</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/18/26</td>
<td>$90.00</td>
<td>$390.0K</td>
<td>171</td>
<td>600</td>
</tr>
<tr>
<td>WAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/02/24</td>
<td>$80.00</td>
<td>$77.6K</td>
<td>1</td>
<td>398</td>
</tr>
<tr>
<td>SCHW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$75.00</td>
<td>$25.0K</td>
<td>615</td>
<td>354</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/02/24</td>
<td>$490.00</td>
<td>$37.0K</td>
<td>296</td>
<td>159</td>
</tr>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$18.00</td>
<td>$40.9K</td>
<td>5.2K</td>
<td>111</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For SOFI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), we notice a call option sweep that happens to be bullish, expiring in 22 day(s) on August 16, 2024. This event was a transfer of 1005 contract(s) at a $8.50 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $25.1K, with a price of $25.0 per contract. There were 1013 open contracts at this strike prior to today, and today 80902 contract(s) were bought and sold. 
• Regarding COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we observe a call option trade with neutral sentiment. It expires in 8 day(s) on August 2, 2024. Parties traded 100 contract(s) at a $270.00 strike. The total cost received by the writing party (or parties) was $35.5K, with a price of $355.0 per contract. There were 2555 open contracts at this strike prior to today, and today 16336 contract(s) were bought and sold. 
• For WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we notice a call option sweep that happens to be bearish, expiring in 22 day(s) on August 16, 2024. This event was a transfer of 201 contract(s) at a $60.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $30.4K, with a price of $153.0 per contract. There were 20692 open contracts at this strike prior to today, and today 2363 contract(s) were bought and sold. 
• For COOP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COOP#NASDAQ">COOP</a>), we notice a call option trade that happens to be neutral, expiring in 176 day(s) on January 17, 2025. This event was a transfer of 1000 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $610.0K, with a price of $610.0 per contract. There were 1196 open contracts at this strike prior to today, and today 1563 contract(s) were bought and sold. 
• Regarding SQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), we observe a call option sweep with bearish sentiment. It expires in 330 day(s) on June 20, 2025. Parties traded 82 contract(s) at a $70.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $86.1K, with a price of $1050.0 per contract. There were 1373 open contracts at this strike prior to today, and today 972 contract(s) were bought and sold. 
• Regarding BX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), we observe a put option trade with neutral sentiment. It expires in 876 day(s) on December 18, 2026. Parties traded 600 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $390.0K, with a price of $650.0 per contract. There were 171 open contracts at this strike prior to today, and today 600 contract(s) were bought and sold. 
• Regarding WAL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>), we observe a put option sweep with bearish sentiment. It expires in 8 day(s) on August 2, 2024. Parties traded 388 contract(s) at a $80.00 strike. This particular put needed to be split into 51 different trades to become filled. The total cost received by the writing party (or parties) was $77.6K, with a price of $200.0 per contract. There were 1 open contracts at this strike prior to today, and today 398 contract(s) were bought and sold. 
• Regarding SCHW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>), we observe a call option sweep with bullish sentiment. It expires in 113 day(s) on November 15, 2024. Parties traded 166 contract(s) at a $75.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $25.0K, with a price of $151.0 per contract. There were 615 open contracts at this strike prior to today, and today 354 contract(s) were bought and sold. 
• For GS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), we notice a call option trade that happens to be bullish, expiring in 8 day(s) on August 2, 2024. This event was a transfer of 38 contract(s) at a $490.00 strike. The total cost received by the writing party (or parties) was $37.0K, with a price of $975.0 per contract. There were 296 open contracts at this strike prior to today, and today 159 contract(s) were bought and sold. 
• Regarding HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we observe a call option sweep with bullish sentiment. It expires in 22 day(s) on August 16, 2024. Parties traded 100 contract(s) at a $18.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $40.9K, with a price of $409.0 per contract. There were 5275 open contracts at this strike prior to today, and today 111 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

COIN

COOP

HOOD

SCHW

SOFI

10 Financials Stocks With Whale Alerts In Today's Session

12 analysts have shared their evaluations of Western Alliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Western Alliance, revealing an average target of $85.42, a high estimate of $100.00, and a low estimate of $70.00. This current average has increased by 14.27% from the previous average price target of $74.75. 
<img src="https://www.benzinga.com/files/images/story/2024/1721757650_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
A comprehensive examination of how financial experts perceive Western Alliance is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Steven Alexopoulos</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$100.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Bernard von-Gizycki</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$83.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Ebrahim Poonawala</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$98.00</td>
<td>$82.00</td>
</tr>
<tr>
<td>Brandon King</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$88.00</td>
<td>$74.00</td>
</tr>
<tr>
<td>Jon Arfstrom</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$87.00</td>
<td>$78.00</td>
</tr>
<tr>
<td>Timur Braziler</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$85.00</td>
<td>$68.00</td>
</tr>
<tr>
<td>Jared Shaw</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$92.00</td>
<td>$86.00</td>
</tr>
<tr>
<td>Matthew Clark</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$93.00</td>
<td>$76.00</td>
</tr>
<tr>
<td>Jon Arfstrom</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$78.00</td>
<td>$76.00</td>
</tr>
<tr>
<td>Brandon King</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$74.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Casey Haire</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$77.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>David Chiaverini</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$70.00</td>
<td>$70.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Western Alliance. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Western Alliance compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Western Alliance's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
To gain a panoramic view of Western Alliance's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/WAL/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Western Alliance analyst ratings.</a>
<h2>Discovering Western Alliance: A Closer Look</h2>
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. The company's reportable segments are Commercial segment includes provides commercial banking and treasury management products and services to small and middle-market businesses, specialized banking services to sophisticated commercial institutions and investors within niche industries, as well as financial services to the real estate industry. Consumer Related segment offers both commercial banking services to enterprises in consumer-related sectors and consumer banking services, such as residential mortgage banking. Corporate &amp; Other.
<h3>Financial Milestones: Western Alliance's Journey</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Western Alliance's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 1.37%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Financials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 32.54%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 3.2%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Western Alliance's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.24%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a high debt-to-equity ratio of 1.1, Western Alliance faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>The Basics of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Beyond The Numbers: 12 Analysts Discuss Western Alliance Stock

Deutsche Bank analyst Bernard von-Gizycki maintains Western Alliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) with a Hold and raises the price target from $62 to $83.

Price Target

Deutsche Bank Maintains Hold on Western Alliance, Raises Price Target to $83

B of A Securities analyst Ebrahim Poonawala maintains Western Alliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) with a Buy and raises the price target from $82 to $98.

B of A Securities Maintains Buy on Western Alliance, Raises Price Target to $98

Truist Securities analyst Brandon King maintains Western Alliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) with a Buy and raises the price target from $74 to $88.

Truist Securities Maintains Buy on Western Alliance, Raises Price Target to $88

RBC Capital analyst Jon Arfstrom maintains Western Alliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) with a Outperform and raises the price target from $78 to $87.

RBC Capital Maintains Outperform on Western Alliance, Raises Price Target to $87

Wells Fargo analyst Timur Braziler maintains Western Alliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) with a Equal-Weight and raises the price target from $68 to $85.

Wells Fargo Maintains Equal-Weight on Western Alliance, Raises Price Target to $85

Western Alliance Bancorporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) posted upbeat quarterly results, after the <a href="https://www.benzinga.com/quote/WAL/earnings">closing bell on Thursday</a>.
Western Alliance reported quarterly earnings of $1.75 per share which beat the analyst consensus estimate of $1.71 per share. The company reported quarterly sales of $771.80 million which beat the analyst consensus estimate of $737.64 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
&#8220;Western Alliance delivered strong second quarter results featuring robust net interest income growth, gathering loan momentum, and sustained deposit generation,&#8221; said Kenneth A. Vecchione, President and Chief Executive Officer. &#8220;With balance sheet repositioning actions completed, our focus is rededicated to generating safe, sound risk-adjusted growth supported by an enhanced liquidity profile and sturdy capital base. We achieved net income of $193.6 million and earnings per share of $1.75 for the second quarter 2024, which resulted in a return on tangible common equity1 of 14.3%. Capital generation continued to improve as pre-provision net revenue grew 22% linked quarter annualized excluding the impact of the FDIC special assessment.. Tangible book value per share1 climbed 13.2% year-over-year to $48.79 with a CET1 ratio of 11.0%.&#8221;
Western Alliance shares gained 7.9% to close at $76.72 on Friday.
These analysts made changes to their price targets on Western Alliance following the announcement.
<ul>
<li>Piper Sandler analyst Matthew Clark maintained Western Alliance with an Overweight rating and raised the price target from $76 to $93.</li>
<li>Barclays analyst Jared Shaw maintained the stock with an Overweight rating, while increasing the price target from $86 to $92.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39881674/top-4-tech-stocks-that-may-explode-in-july">Top 4 Tech Stocks That May Explode In July</a></li>
</ul>

These Analysts Boost Their Forecasts On Western Alliance After Upbeat Earnings

Barclays analyst Jared Shaw maintains Western Alliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) with a Overweight and raises the price target from $86 to $92.

Barclays Maintains Overweight on Western Alliance, Raises Price Target to $92

Piper Sandler analyst Matthew Clark maintains Western Alliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) with a Overweight and raises the price target from $76 to $93.

Piper Sandler Maintains Overweight on Western Alliance, Raises Price Target to $93

Wall Street is poised to close the week in the red, with all major indices trading in negative territory at midday in New York, as broader sentiment remains weak following a temporary tech outage caused by a cloud software update from CrowdStrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) that led to widespread disruptions <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39858714/crowdstrike-shares-trim-heavy-losses-as-microsoft-announces-resolution-of-global-te">across several sectors worldwide.</a>
The S&amp;P 500 index is down 0.6% as of 12:50 p.m. ET, extending its weekly decline to 1.8%, marking its worst week since April.
The tech-heavy Nasdaq 100 is underperforming the broader market, down 1%, reflecting general weakness in the technology sector and bringing its weekly loss to 3.9%, also the worst in three months.
The Dow Jones is also affected by Friday&#8217;s weak sentiment, down 0.9%, though it still maintains in marginally positive territory for the week.
The small caps of the Russell 2000 index are down only 0.4%, poised to secure another week of relatively better performance compared to large caps.
Treasury yields are rising by a few basis points across the curve, with long-dated bonds — as tracked by the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) — breaking a two-week streak of gains. The dollar ticked higher by 0.1%, while gold fell by 0.4%.
Among commodities, oil is down 1.8%, with WTI light crude falling to $80 a barrel, its lowest level in a month.
In cryptocurrencies, Bitcoin (CRYPO: BTC) bulls are charging back, with the largest cryptocurrency rallying 3.9%, returning to $66,000, its highest level in a month.
Friday&#8217;s Performance In Major US Averages, ETFs
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices &amp; ETFs</td>
<td>Price</td>
<td>1-day %</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,280.98</td>
<td>-0.4%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,509.25</td>
<td>-0.6%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>40,283.08</td>
<td>-0.9%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,514.70</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:50 p.m. ET</figcaption></figure>
According to <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071924&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.6% lower to $549.53.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;fell by 1% to $402.82.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(ARCA:&nbsp;<a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a><a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a>QQQ) fell 0.8% to $475.87.</li>
<li>Sector-wise, the Health Care Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)&nbsp;outperformed, up by 0.4%, while the&nbsp;Technology Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) lagged, down 1.3%.</li>
</ul>
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
<ul>
<li>Shares of Crowdstrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) tumbled 11%, slightly trimming heavier pre-market losses. Industry peers like SentinelOne Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/S#NASDAQ">S</a>) and Palo Alto Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>), rose 8% and 2.5% respectively. </li>
<li>Hawaiian Electric Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) rallied over 30% on reports following a report suggesting the company reached a settlement plan over last year&#8217;s Maui wildfires.</li>
<li>Comerica Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>) plummeted 11% on weaker-than-expected outlook on net interest income, despite reporting stronger-than-expected results last quarter. The company also announced it will no longer serve as the financial agent for the U.S. Treasury Direct Express Prepaid Debit Card program.</li>
<li>Other stocks reacting to company earnings were Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) down 1.1%, Intuitive Surgical Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) up 8%, PPG Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>) down 3.7%, Western Alliance Bancorp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>), up 8%, American Express Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), down 3.4%, Schlumberger N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) up 3.3%, The Travelers Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) down over 7%, Halliburton Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>), Huntington Bancshares Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>), up 2.3%. </li>
<li>Crypto-linked stocks like Microstrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), and Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) rose 11.8%, 9.5% and 9.4%, respectively, as Bitcoin rallied. </li>
</ul>
Read Now:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39862630/goldman-sachs-turns-bearish-on-chipmakers-advises-to-hedge-through-put-options-chin">Goldman Sachs Turns Bearish On Chipmakers, Advises To Hedge Through Put Options: China Remains &#8216;A Major Risk For The Sector&#8217;</a></li>
</ul>
Photo via Shutterstock.

Analyst Color

Equities

Broad U.S. Equity ETFs

Econ #s

Tech

CRWD

SPDR Dow Jones Industrial Average ETF Trust

ISRG

MSTR

NFLX

PANW

RIOT

iShares Trust Barclays 20+ Year Treasury Bond Fund

Wall Street Eyes Worst Week In 3 Months As Tech Sector Falters; Oil Falls, Bitcoin Hits 1-Month Peak: What's Driving Market Friday?

Shares of Selective Insurance Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGI#NASDAQ">SIGI</a>) fell sharply during Friday's session following <a href="https://www.benzinga.com/quote/SIGI/earnings">weak quarterly results.</a>
Selective Insurance reported quarterly losses of $1.10 per share which missed the analyst consensus estimate of $1.49 per share. The company reported quarterly sales of $1.196 billion which missed the analyst consensus estimate of $1.204 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Selective Insurance Group shares dipped 14.8% to $85.40 on Friday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Augmedix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUGX#NASDAQ">AUGX</a>) shares jumped 148.8% to $2.28 after the company announced it will be acquired by Commure.</li>
<li>60 Degrees Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SXTP#NASDAQ">SXTP</a>) climbed 85.7% to $0.4566 after the company signed clinical trial agreements with three planned trial sites for the Tafenoquine Babesiosis study.</li>
<li>Virpax Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRPX#NASDAQ">VRPX</a>) shares gained 70% to $2.36. Maxim Group analyst Naz Rahman upgraded Virpax Pharmaceuticals from Hold to Buy and announced a price target of $3.</li>
<li>Serve Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) gained 51.3% to $3.98 after gaining over 12% on Thursday.</li>
<li>Hawaiian Electric Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) shares rose 36.1% to $17.35 following a report suggesting the company reached a settlement plan over the Maui wildfires.</li>
<li>Autonomix Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMIX#NASDAQ">AMIX</a>) gained 34% to $1.83.</li>
<li>Permianville Royalty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVL#NYSE">PVL</a>) rose 22.7% to $1.4601. Permianville Royalty Trust announced a cash distribution to the holders of its units of beneficial interest of $0.011000 per unit, payable on Aug. 14, 2024 to unitholders of record on July 31, 2024.</li>
<li>Power REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PW#NYSE">PW</a>) surged 15.4% to $0.9808.</li>
<li>NaaS Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAAS#NASDAQ">NAAS</a>) shares gained 14.1% to $9.23 after jumping 53% on Thursday.</li>
<li>Antelope Enterprise Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHL#NASDAQ">AEHL</a>) climbed 13.6% to $4.1001.</li>
<li>Golden Sun Health Technology Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSUN#NASDAQ">GSUN</a>) gained 13.6% to $7.75.</li>
<li>MoneyLion Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ML#NYSE">ML</a>) gained 11.6% to $71.21. MoneyLion will release its financial results for the second quarter of 2024 on Tuesday, Aug. 6, 2024.</li>
<li>HIVE Digital Technologies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIVE#NASDAQ">HIVE</a>) gained 9.8% to $4.02. B. Riley Securities analyst Lucas Piper initiated coverage on HIVE Digital Technologies with a Buy rating and announced a price target of $6.</li>
<li>Intuitive Surgical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) rose 8.3% to $450.52 after the company reported better-than-expected second-quarter financial results.</li>
<li>Torrid Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CURV#NASDAQ">CURV</a>) gained 7.7% to $8.00.</li>
<li>Western Alliance Bancorporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) rose 7.2% to $76.16 following upbeat quarterly results.</li>
<li>Kuke Music Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KUKE#NASDAQ">KUKE</a>) gained 6.7% to $1.28.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) shares dipped 45.8% to $0.82. SunPower shares dipped 40% on Thursday following the company's announcement of a significant operational pause and a subsequent analyst downgrade.</li>
<li>Hyzon Motors Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYZN#NASDAQ">HYZN</a>) shares fell 42% to $0.1648 after the company reported pricing of $4.5 million registered direct offering.</li>
<li>Nauticus Robotics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) fell 30.5% to $0.0896 after the company announced a 1-for-36 reverse stock split.</li>
<li>Silo Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SILO#NASDAQ">SILO</a>) declined 26% to $2.57 as the company announced a $2.1 million registered direct offering priced at-the-market under Nasdaq rules.</li>
<li>Salarius Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLRX#NASDAQ">SLRX</a>) shares dipped 23.1% to $1.86 after jumping 59% on Thursday. Salarius Pharmaceuticals was recently notified by MD Anderson Cancer Center of a Grade 4 adverse event in the Seclidemstat clinical trial.</li>
<li>TRxADE HEALTH, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDS#NASDAQ">MEDS</a>) fell 19.6% to $16.80.</li>
<li>Onconetix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONCO#NASDAQ">ONCO</a>) fell 18.1% to $0.1787 after gaining over 46% on Thursday.</li>
<li>Crown LNG Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGBS#NASDAQ">CGBS</a>) dipped 16.7% to $1.4995.</li>
<li>Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares fell 16% to $2.4550 after the company announced the commencement of a $200 million public offering of its common stock.</li>
<li>Selina Hospitality PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNA#NASDAQ">SLNA</a>) dipped 15.7% to $0.0477.</li>
<li>Scholastic Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCHL#NASDAQ">SCHL</a>) fell 15.4% to $30.94 following weaker-than-expected fourth-quarter results.</li>
<li>Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares declined 15.4% to $2.47 after the company announced the commencement of a $200 million public offering of its common stock.</li>
<li>Corsair Gaming, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRSR#NASDAQ">CRSR</a>) dipped 14.3% to $8.32 after the company reported preliminary financial results below estimates. Also, Baird maintained a Neutral rating on the stock and lowered its price target from $14 to $10.</li>
<li>American Rebel Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AREB#NASDAQ">AREB</a>) fell 13.9% to $0.6298.</li>
<li>QXO, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NASDAQ">QXO</a>) fell 13.6% to $58.00.</li>
<li>Comerica Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>) dipped 13.4% to $48.81 following second-quarter results.</li>
<li>Wipro Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WIT#NYSE">WIT</a>) fell 11.4% to $6.11 following first-quarter results.</li>
<li>AAR Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIR#NYSE">AIR</a>) dipped 10.6% to $65.51 following weak quarterly sales.</li>
<li>CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) shares fell 10.1% to $308.48 after the company suffered major outage impacting businesses around the world.</li>
<li>Joby Aviation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) dipped 8.3% to $6.39.</li>
<li>Autoliv, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALV#NYSE">ALV</a>) fell 8.1% to $99.82 following downbeat quarterly results.</li>
<li>The Travelers Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) declined 5.6% to $208.32 following weak quarterly sales.</li>
<li>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) fell 5.5% to $32.90.</li>
<li>Visteon Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VC#NASDAQ">VC</a>) dipped 5% to $107.85.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39859847/netflix-to-rally-more-than-10-here-are-10-top-analyst-forecasts-for-friday">Netflix To Rally More Than 10%? Here Are 10 Top Analyst Forecasts For Friday</a></li>
</ul>

Intraday Update

AEHL

AMIX

AREB

AUGX

CGBS

CRSR

CURV

GSUN

HIVE

HYZN

INTC

JOBY

KITT

KUKE

MEDS

NAAS

ONCO

PLUG

SCHL

SERV

SIGI

SILO

SLNA

SLRX

SPWR

SXTP

VRPX

Why Selective Insurance Group Shares Are Trading Lower By Around 15%? Here Are Other Stocks Moving In Friday's Mid-Day Session

Wester Alliance shares are trading higher after the company reported better-than-expected Q2 financial results.

U.S. stocks were lower, with the Dow Jones index falling around 250 points on Friday.
Shares of Western Alliance Bancorporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) rose sharply during Friday's session following <a href="https://www.benzinga.com/quote/WAL/earnings">upbeat quarterly results.</a>
Western Alliance reported quarterly earnings of $1.75 per share which beat the analyst consensus estimate of $1.71 per share. The company reported quarterly sales of $771.80 million which beat the analyst consensus estimate of $737.64 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Western Alliance Bancorporation shares gained 7.2% to $76.16 on Friday.
Here are some other big stocks recording gains in today&#8217;s session.
<ul>
<li>Hawaiian Electric Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) shares gained 36.1% to $17.35 following a report suggesting the company reached a settlement plan over the Maui wildfires.</li>
<li>Abacus Life Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABL#NASDAQ">ABL</a>) gained 19.3% to $10.00 after the company reported preliminary second-quarter revenue results above estimates. The company announced a definitive agreement to acquire Carlisle Management Company.</li>
<li>MoneyLion Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ML#NYSE">ML</a>) rose 11.6% to $71.21. MoneyLion will release its financial results for the second quarter of 2024 on Tuesday, Aug. 6, 2024.</li>
<li>TROOPS Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROO#NASDAQ">TROO</a>) gained 11.4% to $3.93.</li>
<li>HIVE Digital Technologies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIVE#NASDAQ">HIVE</a>) climbed 9.8% to $4.02. B. Riley Securities analyst Lucas Piper initiated coverage on HIVE Digital Technologies with a Buy rating and announced a price target of $6.</li>
<li>Fitell Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEL#NASDAQ">FTEL</a>) gained 9.4% to $21.54.</li>
<li>Intuitive Surgical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) gained 8.3% to $450.52 after the company reported better-than-expected second-quarter financial results.</li>
<li>Torrid Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CURV#NASDAQ">CURV</a>) climbed 7.7% to $8.00.</li>
<li>MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) rose 7.6% to $1,674.00</li>
<li>Zhihu Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZH#NYSE">ZH</a>) gained 7.2% to $3.28.</li>
<li>Kuke Music Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KUKE#NASDAQ">KUKE</a>) rose 6.7% to $1.28.</li>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) rose 6.5% to $248.42. Needham analyst John Todaro reiterated Coinbase with a Buy and maintained a $260 price target.</li>
<li>Dave Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAVE#NASDAQ">DAVE</a>) gained 5.6% to $39.51.</li>
<li>Inter &amp; Co, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTR#NASDAQ">INTR</a>) rose 5.6% to $6.89.</li>
<li>Schlumberger Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) gained 3.5% to $50.42 following upbeat quarterly results.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39859254/this-sealed-air-analyst-is-no-longer-bullish-here-are-top-5-downgrades-for-friday">This Sealed Air Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday</a></li>
</ul>

DAVE

FTEL

INTR

TROO

Western Alliance Posts Upbeat Earnings, Joins Abacus Life, SLB And Other Big Stocks Moving Higher On Friday

Western Alliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) reported quarterly earnings of $1.75 per share which beat the analyst consensus estimate of $1.71 by 2.34 percent. The company reported quarterly sales of $771.80 million which beat the analyst consensus estimate of $737.64 million by 4.63 percent. This is a 15.31 percent increase over sales of $669.30 million the same period last year.

Earnings Beats

Western Alliance Q2 2024 Adj EPS $1.75 Beats $1.71 Estimate, Sales $771.80M Beat $737.64M Estimate

Western Alliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) has outperformed the market over the past 15 years by 4.32% on an annualized basis producing an average annual return of 16.91%. Currently, Western Alliance has a market capitalization of $7.38 billion. 
Buying $1000 In WAL: If an investor had bought $1000 of WAL stock 15 years ago, it would be worth $10,244.29 today based on a price of $67.02 for WAL at the time of writing.
<h3>Western Alliance's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720807251_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 15 Years Ago, You Would Have $10,000 Today

Western Alliance: A Flawless Quarterly From Multiple Perspectives

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
In recent weeks, investors <a href="https://www.investors.com/etfs-and-funds/personal-finance/sp500-small-stocks-amazing-rallies-make-nvidia-look-like-a-loser/">started</a> pouring significant money into small-cap stocks. The move came after years during which the Street shunned the names because it believed they were not attractive in an era of high interest rates. Now that the Federal Reserve looks poised to cut rates in September, small-cap stocks, many of which are tremendously undervalued, have been starting to record big gains. 



Additionally, I believe that many investors are realizing the fallacy that all small-cap stocks are untouchable just because rates are elevated. In fact, many such names can succeed despite high rates, even when the sector as a whole is not being embraced by the Street. For example, Western Alliance Bancorp (NYSE:<a href="https://investorplace.com/stock-quotes/wal-stock-quote/">WAL</a>) <a href="https://finance.yahoo.com/quote/WAL/">advanced about 50% between</a> June 2023 and December 2023 while American Superconductor (NASDAQ:<a href="https://investorplace.com/stock-quotes/amsc-stock-quote/">AMSC</a>) <a href="https://finance.yahoo.com/quote/AMSC/">doubled between</a> May 2023 and November 2023. 



For investors who want a relatively low-risk means of benefiting from the small-cap rally, here are the three best small-cap exchange-traded funds (ETFs) to buy.



<h2>iShares Core S&amp;P Small-Cap ETF (IJR)</h2>



The iShares Core S&amp;P Small-Cap ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/%20ijr-stock-quote/"> IJR</a>) <a href="https://finance.yahoo.com/quote/IJR/">has performed very well </a>during the recent small-cap rally. In fact, it soared about 10% between July 5 and July 23. Among its holdings that performed very well during this period were solar panel installer Sunrun (NASDAQ:<a href="https://investorplace.com/stock-quotes/run-stock-quote/">RUN</a>), shipping company Pitney Bowes (NYSE:<a href="https://investorplace.com/stock-quotes/pbi-stock-quote/">PBI</a>), and 3D printing firm 3D Systems (NASDAQ:<a href="https://investorplace.com/stock-quotes/ddd-stock-quote/">DDD</a>). All of those names surged at least 30% during the ETF&rsquo;s recent rally.



Additionally, in terms <a href="https://finance.yahoo.com/quote/IJR/holdings/">of the sectors in which its holdings </a>operate, the ETF is quite varied and well-balanced. Specifically, 17.2% of its assets are in <a href="https://investorplace.com/industries/industrial/">industrial stocks</a>, while its financial services holdings have a 16.9% weighting. Consumer cyclical, technology and <a href="https://investorplace.com/industries/healthcare/">healthcare stocks</a> account for 14.8%, 13.6% and 10.2%, respectively. Moreover, its top ten holdings only account for 7.3% of its assets. So if three or four of its top holdings perform poorly the ETF will not be dragged down.



The ETF provides a dividend yield of 1.35%, while its expense ratio is a very low 0.06%. 



All of the positive attributes that I described above make IJR stock one of the best small-cap ETFs to buy. 



<h2>SPDR Portfolio S&amp;P 600 Small Cap ETF&nbsp;(SPSM)</h2>



The SPDR Portfolio S&amp;P 600 Small Cap ETF&nbsp; (NYSEARCA: <a href="https://investorplace.com/stock-quotes/spsm-stock-quote/">SPSM</a>) weights its holdings based on their market capitalizations. In other words, market capitalization determines the amount of assets it puts into each of its holdings. The most valuable companies get the largest weighting. As a result, the ETF limits the extent to which the most financially unstable small companies in its universe can bring down its shares. For conservative investors, this approach makes SPSM stock one of the best small-cap ETFs to buy.



Also importantly, analysts <a href="https://seekingalpha.com/article/4699469-spsm-attractively-valued-good-earnings-growth-2025-2026">expect the earnings </a>of the S&amp;P 600 Small Cap Index, which is the index that SPSM stock seeks to track, to increase 20.5% and 16.1% in 2025 and 2026, respectively. Moreover, as of last month, the index <a href="https://seekingalpha.com/article/4699469-spsm-attractively-valued-good-earnings-growth-2025-2026">had a very low</a> forward price-to-earnings ratio of just under 15 times.



Like IJR stock, the holdings of SPSM stock operate in many sectors and its sector weighting is balanced. In fact, their sector weightings are almost completely identical. So SPSM stock <a href="https://finance.yahoo.com/quote/SPSM/holdings/">has 17.2% of its assets </a>in industrial stocks, while its financial services holdings have a 16.9% weighting. Consumer cyclical, technology and healthcare stocks account for 14.8%, 13.6%, and 10.2% of its holdings, respectively.



The ETF <a href="https://finance.yahoo.com/quote/SPSM/">has a significant dividend yield </a>of 1.7% and a tiny expense ratio of 0.03%. 



<h2>iShares Russell 2000 ETF (IWM)</h2>



In my experience, the iShares Russell 2000 ETF (NYSEARCA: <a href="https://investorplace.com/stock-quotes/iwm-stock-quote/">IWM</a>) is the most famous of the small-cap ETFs. Commentators usually refer to this ETF&rsquo;s performance when trying to gauge small-cap gains or losses. That fame could give the ETF an advantage over its peers by increasing its inflows.



According to Todd Rosenbluth, director of research at data provider VettaFi, the iShares Russell 2000 ETF has more of its assets in healthcare than the other two ETFs highlighted. Indeed, the iShares Russell 2000 ETF devotes 17% of its assets <a href="https://finance.yahoo.com/quote/IWM/holdings/">to healthcare stocks</a> versus just 10.2% for IJR and SPSM. That disparity could represent another advantage for IWM stock, since many healthcare equities have performed quite well in recent weeks. For example, the iShares Biotechnology ETF (NASDAQ:<a href="https://investorplace.com/stock-quotes/ibb-stock-quote/">IBB</a>) <a href="https://finance.yahoo.com/quote/IBB/">jumped nearly 10%</a> between July 3 and July 24.



IWM stock <a href="https://finance.yahoo.com/quote/IWM/">has a dividend yield of </a>1.3% and an expense ratio of 0.19%.



On the date of publication, Larry Ramer held a long position in AMSC. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel&rsquo;s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been SMCI, INTC, and MGM. You can reach him on Stocktwits at @larryramer.</div><h3>More From InvestorPlace</h3>
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						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget AI... THIS Technology Is the Future&rdquo;</a>
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									</ul>The post <a href="https://investorplace.com/2024/07/the-3-best-etfs-to-buy-for-the-small-cap-revival/">The 3 Best ETFs to Buy for the Small-Cap Revival</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The 3 Best ETFs to Buy for the Small-Cap Revival

Western Alliance (WAL) has provided an announcement. Western Alliance Bancorporation has announced executive changes, with Timothy Boothe becoming ...

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