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NEW YORK ( TheStreet) -- Western Alliance (NYSE: WAL) hit a new 52-week low Tuesday as it is currently trading at $5.20, below its previous 52-week low of $5.30 with 18,550 shares traded as of 9:34 a.m. ET. Average volume has been 515,500 shares over the past 30 days. Western Alliance has a market cap of $443.8 million and is part of the financial sector and banking industry. Shares are down 26.6% year to date as of the close of trading on Friday. Western Alliance Bancorporation, a multi bank holding company, provides various banking and related products and services in Nevada, Arizona, California, and Colorado.