WAL
Western Alliance Bancorporation Financial Services - Banking Investor Relations →
Western Alliance Bancorporation (WAL) closed at $94.39 as of 2026-02-02, trading 42.7% above its 200-week moving average of $66.16. The stock moved further from the line this week, up from 35.0% last week. With a 14-week RSI of 77, WAL is in overbought territory.
Over the past 1027 weeks of data, WAL has crossed below its 200-week moving average 12 times. On average, these episodes lasted 34 weeks. Historically, investors who bought WAL at the start of these episodes saw an average one-year return of +11.9%.
With a market cap of $10.4 billion, WAL is a large-cap stock. Return on equity stands at 13.5%. The stock trades at 1.4x book value.
Share count has increased 3.2% over three years, indicating dilution.
Over the past 19.8 years, a hypothetical investment of $100 in WAL would have grown to $311, compared to $783 for the S&P 500. WAL has returned 5.9% annualized vs 11.0% for the index, underperforming the broader market over this period.
Free cash flow has been declining. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: WAL vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After WAL Crosses Below the Line?
Across 12 historical episodes, buying WAL when it crossed below its 200-week moving average produced an average return of +22.7% after 12 months (median +25.0%), compared to +18.4% for the S&P 500 over the same periods. 64% of those episodes were profitable after one year. After 24 months, the average return was +62.5% vs +41.5% for the index.
Each line shows $100 invested at the moment WAL crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
WAL has crossed below its 200-week MA 12 times with an average 1-year return of +11.9% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Mar 2007 | Jan 2012 | 254 | 82.4% | -66.7% | +244.7% |
| Dec 2018 | Jan 2019 | 6 | 14.0% | +31.6% | +162.2% |
| Jan 2019 | Feb 2019 | 2 | 1.3% | +25.3% | +143.0% |
| Mar 2019 | Apr 2019 | 7 | 13.7% | -8.6% | +146.1% |
| May 2019 | Oct 2019 | 22 | 10.2% | -33.3% | +143.0% |
| Feb 2020 | Nov 2020 | 37 | 45.5% | +103.4% | +131.6% |
| Oct 2022 | Oct 2022 | 2 | 3.8% | -28.6% | +59.8% |
| Dec 2022 | Jan 2023 | 6 | 13.1% | -3.8% | +67.0% |
| Mar 2023 | Dec 2023 | 41 | 58.9% | +26.5% | +104.7% |
| Jan 2024 | Jan 2024 | 2 | 3.5% | +36.2% | +55.2% |
| Jan 2024 | Jul 2024 | 24 | 14.2% | +49.0% | +63.1% |
| Mar 2025 | Apr 2025 | 3 | 10.9% | N/A | +54.2% |
| Average | 34 | — | +11.9% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02