Stocks With Recent Insider Activity: E*TRADE Financial Corporation (ETFC) and East West Bancorp Inc. (EWBC)

On Sep 13, Curcio Michael John, EVP, Institutional sold 53,584 shares of E*TRADE Financial Corporation (NASDAQ: ETFC), with the average selling price of the stock being $45.18 per share. The total amount realized from this sold $2,421,113. A document was filed with the Securities and Exchange Commission to notify the public about the sold of the shares.

In addition to that, Director – LAWSON RODGER A sold an extra 5,109 shares of this stock in a transaction that took place a day before, on Sep 13, with a share sold at an average of $45.18 and a total of $230,848 was realized from this transaction. After the transaction, the Director – LAWSON RODGER A was left with 108,630 shares of the company’s stock, which is currently worth around $4907903.4.

The recent price movement of ETFC means that it is now down by -10.68% from its 52-week high and 34.83% up against its 52-week low prices. Over the past one week, the price volatility of ETFC stands at 1.47% while the volatility over the past one month is 1.45%. The beta score for this stock is 1.21. A beta score below 1 means that the stock has a low volatility while above 1 signifies that a stock is highly volatile at that particular moment, a data that traders use to keep tabs on their investments.

The company on 10/17/2019 published its latest quarterly earnings, with the report showing that the company recorded 1.06 earnings per share (EPS) during that period. This report was above the expectations of analysts of 1.03 by 0.03. The revenue by the firm was 669.07M for the quarter.

The shares of E*TRADE Financial Corporation (ETFC) gained by 0.99%, leading to a gain of $0.46 per share, and saw ETFC end the trading session at $46.76 on Monday 01/13/20. ETFC started the trading session at $46.60, before reaching a daily high of $46.905. It wasn’t able to sustain that growth though and soon jumped to hit a daily low of $46.30.

The trading volume on Monday stood at 2718631, which was below the stock’s 3-month average volume of 3.69 million shares, out of a total 223.92M shares. As the price of the stock climbed, the market valuation of the company gained to 10.60 billion.

The shares of East West Bancorp Inc. (NASDAQ: EWBC) went up by 0.23% by the end of the recent trading session. This movement saw its price surge to close at $47.39, which was higher than the previous closing price of $47.28. Over the past one week, the price of EWBC has slipped by -1.39%, while it has recorded a gain of 3.00% over the past one month. Its three-month performance saw EWBC gain 10.70% while its six-month performance saw it surge by 5.15%. The situation is different though over the past one year, as the stock price went up by 0.02%, while its year-to-date (YTD) price performance slipped by -2.69%. The stock price has gone up by +15.98% compared to its 90-day low, while it is down -4.61% compared to its 90-day high price.

Let’s take a look at its short, medium and long-term indicators. Composite Indicators shows that Trendspotter rated the stock as a Hold. In the short-term, the stock has a 20-day average volume of 943,850 shares, with the short-term indicators averagely rating the stock as a 50% Buy. A look at its medium-term indicators reveals that it has a 50-Day average volume of 909,076 shares and the indicators have an average rating of 100% Buy. The last indicators, the long-term see EWBC stock with a 100-Day average volume of 1,009,425 shares, giving it an average rating of 50% Buy. A look at the general picture of all short, medium and long-term indicators leaves EWBC with an average rating of 64% Buy.

Several brokerage firms sent out their reports EWBC stock not long ago. In its report sent out on January 06, 2020, UBS lowered its ratings on EWBC from a Buy to a Neutral. In an earlier report on October 08, 2019, Raymond James Downgrade the stock from a Mkt Perform to a Underperform. Raymond James meanwhile in its report on August 29, 2019 Upgrade its rating of the stock from a “Mkt Perform” to “Mkt Perform”.

In related news to the company’s stock, around 90.00% shares are being held by institutional investors. In a recent SEC filing, the company revealed that 430 institutions currently hold the EWBC stock. In the last quarter, a 130,765,896 EWBC shares were in the possession of institutions. On the other hand, the company recorded 33 new institutions who bought it their stock, while 46 institutions sold their entire EWBC reserve. Of the current institutions investing in the stock, 173 increased their investment while 203 decreased their investment in the stock.