A company insider recently sold 20,000 shares of Webster Financial Corporation [WBS]. Should You Sale?

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Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Webster Financial Corporation shares valued at $947,039 were sold by Massiani Luis on Sep 08. At $47.35 per share, Massiani Luis sold 20,000 shares. The insider’s holdings dropped to 132,910 shares worth approximately $6.96 million following the completion of this transaction.


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Also, Massiani Luis sold 8,000 shares, netting a total of over 371,447 in proceeds. Following the sale of shares at $46.43 each, the insider now holds 152,910 shares.

Before that, Evans Javier L. had sold 1,975 shares from its account. In a trade valued at $92,866, the Chief Human Resources Officer traded Webster Financial Corporation shares for $47.02 each. Upon closing the transaction, the insider’s holdings decreased to 1,975 shares, worth approximately $1.83 million.

As published in a research note from Wedbush on June 30, 2022, Webster Financial Corporation [WBS] has been rated down from an Outperform to a Neutral. As of February 02, 2022, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for WBS. Earlier on January 21, 2022, Raymond James upgraded its rating. Their new recommendation was “a Strong buy” for WBS stock which previously was a “an Outperform”.

Analyzing WBS Stock Performance

On Thursday, Webster Financial Corporation [NYSE: WBS] plunged -0.63% to $52.34. The stock’s lowest price that day was $51.14, but it reached a high of $52.64 in the same session. During the last five days, there has been a drop of approximately -1.38%. Over the course of the year, Webster Financial Corporation shares have dropped approximately -6.27%. Shares of the company reached a 52-week high of $65.00 on 01/12/22 and a 52-week low of $40.72 on 07/05/22. A 50-day SMA is recorded $48.29, while a 200-day SMA reached $50.41. Nevertheless, trading volume fell to 0.68 million shares from 0.73 million shares the previous day.

Support And Resistance Levels for Webster Financial Corporation (WBS)

According to the 24-hour chart, there is a support level at 51.44, which, if violated, would cause prices to drop to 50.54. In the upper region, resistance lies at 52.94. The next price resistance is at 53.54. RSI (Relative Strength Index) is 59.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.34, which suggests the price will increase in the coming days. Percent R is at 38.31%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Webster Financial Corporation subject to short interest?

Stocks of Webster Financial Corporation saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.24 million shares to 4.59 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 4.83 million shares. A decline of -5.23% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.21 of the overall float, the days-to-cover ratio (short ratio) decline to 4.21.

Which companies own the most shares of Webster Financial Corporation (WBS)?

According to The Vanguard Group, Inc. filings, the company currently owns 17,311,741 shares, which is about 9.85% of the total WBS shares outstanding. The investor’s shares have appreciated by 136,599 from its previous 13-F filing of 17175142.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $661,038,610. Capital Research & Management Co reduced a -8.20% interest valued at $385.79 million while SSgA Funds Management, Inc. sold a -503,941 stake. A total of 383,804 shares of Webster Financial Corporation were sold by T. Rowe Price Associates, Inc. during the quarter, and -1,137,198 were sold by Dimensional Fund Advisors LP. In its current portfolio, Macquarie Investment Management B holds 4,985,825 shares valued at $225.36 million.

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