Hancock Whitney Corp.’s recent filing unveils that its Chief Credit Officer Ziluca Christopher S unloaded Company’s shares for reported $0.16 million on Feb 22 ’24. In the deal valued at $43.50 per share,3,636 shares were sold. As a result of this transaction, Ziluca Christopher S now holds 35,285 shares worth roughly $1.59 million.
Then, Loper D Shane sold 17,690 shares, generating $828,069 in total proceeds. Upon selling the shares at $46.81, the Chief Operating Officer now owns 71,148 shares.
Before that, Exnicios Joseph S sold 9,857 shares. Hancock Whitney Corp. shares valued at $464,758 were divested by the President-Hancock Whitney Bank at a price of $47.15 per share. As a result of the transaction, Exnicios Joseph S now holds 30,159 shares, worth roughly $1.36 million.
A number of analysts have revised their coverage, including Truist’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Hold”. Citigroup began covering HWC with “Neutral” recommendation on December 01, 2023. Piper Sandler revised its rating on September 18, 2023. It rated HWC as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of HWC
On Tuesday, Hancock Whitney Corp. [NASDAQ:HWC] saw its stock jump 1.28% to $45.07. Over the last five days, the stock has gained 1.83%. Hancock Whitney Corp. shares have fallen nearly -7.24% since the year began. Nevertheless, the stocks have risen 22.77% over the past one year. While a 52-week high of $49.65 was reached on 01/02/24, a 52-week low of $31.02 was recorded on 02/07/24. SMA at 50 days reached $43.69, while 200 days put it at $41.70. A total of 0.36 million shares were traded, compared to the trading of 0.63 million shares in the previous session.
Levels Of Support And Resistance For HWC Stock
The 24-hour chart illustrates a support level at 44.33, which if violated will result in even more drops to 43.59. On the upside, there is a resistance level at 45.53. A further resistance level may holdings at 46.00. The Relative Strength Index (RSI) on the 14-day chart is 56.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.30%. Stochastics %K at 59.44% indicates the stock is a holding.
How much short interest is there in Hancock Whitney Corp.?
A steep rise in short interest was recorded in Hancock Whitney Corp. stocks on Mar 28, 2024, growing by 0.23 million shares to a total of 1.74 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 1.51 million shares. There was a rise of 13.22%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.68% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.69.
