Western Alliance Rises On Unusually High Volume (WAL)

NEW YORK ( TheStreet) -- Western Alliance (NYSE: WAL) is trading at unusually high volume Friday with 2.7 million shares changing hands. It is currently at 4.5 times its average daily volume and trading up 17 cents (+2.9%) at $6.05 as of four p.m. ET.

Western Alliance has a market cap of $482.4 million and is part of the financial sector and banking industry. Shares are down 20.1% year to date as of the close of trading on Thursday.

Western Alliance Bancorporation, a multi bank holding company, provides various banking and related products and services in Nevada, Arizona, California, and Colorado.

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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