Lynne Herndon Sells Shares of WAL
Chief Credit Officer Lynne Herndon sold 84 shares of WAL on June 15, 2026.
Key Points
- Lynne Herndon, Chief Credit Officer, sold 84 shares of WAL on June 15, 2026.
- WAL shares are trading at $81.48, with analysts setting price targets up to $96.
- Peer funds like BlackRock and Wellington Management have adjusted their WAL holdings recently.
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On June 15, 2026, Lynne Herndon, the Chief Credit Officer of WAL, sold 84 shares of the company. This transaction was not part of a pre-arranged trading plan. WAL's stock was trading at $81.48 at the time of the sale.
Other Institutional Activity in WAL
BlackRock, Inc. increased its holdings in WAL by 462,722 shares, bringing its total to 10,978,577 shares valued at approximately $777.8 million. In contrast, Price T Rowe Associates Inc. reduced its position by 904,125 shares, leaving it with 7,842,742 shares worth about $555.7 million. Invesco Ltd. also trimmed its stake by 767,633 shares, ending with 5,218,914 shares valued at $369.8 million. Meanwhile, Wellington Management Group LLP significantly boosted its position by 2,431,722 shares, now holding 4,701,265 shares valued at $333.1 million.
Western Alliance Bancorporation Stock Up 3.8%
Shares of WAL are currently trading at $81.48. The stock has seen various movements in its institutional ownership, reflecting diverse strategies among major investors. WAL's price movements and institutional activities continue to attract attention from the market.
$WAL stock price
Daily closing prices, year to date. Not investment advice.
Insider Buying and Selling at Western Alliance Bancorporation
On June 15, 2026, multiple insiders at WAL engaged in stock transactions. Lynne Herndon, Chief Credit Officer, sold 84 shares. Vishal Idnani, Chief Financial Officer, made two transactions, selling 123 shares and buying 123 shares. Kenneth Vecchione, Chairman, President & CEO, sold 1,571 shares at an average price of $81.81. Timothy Boothe, Chief Administration Officer, sold 235 shares. These transactions were not part of any pre-arranged trading plans.
Analysts Set New Price Targets
On May 13, 2026, DA Davidson maintained its "buy" rating for WAL, setting a price target of $90. Citigroup also maintained a "buy" rating with a target of $96 on April 28, 2026. UBS kept a "hold" rating with a target of $80 on April 27, 2026. Piper Sandler continued its "buy" rating, aiming for a $92 target. The consensus among analysts remains optimistic, with a mean price target suggesting potential for upside.
Bottom Line
Insider trading activities at WAL, including those by Lynne Herndon, are part of regular corporate governance and do not necessarily indicate future stock performance. The stock's current price and recent analyst ratings highlight its market interest. Investors often track these insider moves and analyst opinions to gauge market sentiment and potential stock trajectories.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.