Western Alliance Stock Hits New 52-Week Low (WAL)

NEW YORK ( TheStreet) -- Western Alliance (NYSE: WAL) hit a new 52-week low Tuesday as it is currently trading at $5.11, below its previous 52-week low of $5.12 with 287,938 shares traded as of 1:50 p.m. ET. Average volume has been 536,400 shares over the past 30 days.

Western Alliance has a market cap of $466.8 million and is part of the financial sector and banking industry. Shares are down 29.9% year to date as of the close of trading on Monday.

Western Alliance Bancorporation, a multi bank holding company, provides various banking and related products and services in Nevada, Arizona, California, and Colorado.
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TheStreet Ratings rates Western Alliance as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Western Alliance Ratings Report.

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