Wintrust Financial Corp.’s filing revealed that its FOUNDER AND EXECUTIVE CHAIR WEHMER EDWARD J unloaded Company’s shares for reported $0.94 million on Mar 05 ’24. In the deal valued at $99.36 per share,9,500 shares were sold. As a result of this transaction, WEHMER EDWARD J now holds 177,124 shares worth roughly $17.98 million.
Then, DYKSTRA DAVID A sold 9,870 shares, generating $948,112 in total proceeds. Upon selling the shares at $96.06, the VICE CHAIRMAN AND COO now owns 212,712 shares.
Before that, STOEHR DAVID L sold 5,322 shares. Wintrust Financial Corp. shares valued at $511,764 were divested by the CHIEF FINANCIAL OFFICER at a price of $96.16 per share. As a result of the transaction, STOEHR DAVID L now holds 16,481 shares, worth roughly $1.67 million.
Barclays initiated its Wintrust Financial Corp. [WTFC] rating to an Overweight in a research note published on March 08, 2024; the price target was $135. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. Hovde Group also remained covering WTFC and has increased its forecast on February 01, 2023 with a “an Outperform” recommendation from previously “Market perform” rating. Janney revised its rating on March 08, 2022. It rated WTFC as “a Buy” which previously was an “a Neutral”.
Price Performance Review of WTFC
On Tuesday, Wintrust Financial Corp. [NASDAQ:WTFC] saw its stock jump 0.05% to $101.49. Over the last five days, the stock has gained 0.54%. Wintrust Financial Corp. shares have risen nearly 9.42% since the year began. Nevertheless, the stocks have risen 42.84% over the past one year. While a 52-week high of $105.29 was reached on 03/28/24, a 52-week low of $58.12 was recorded on 02/07/24. SMA at 50 days reached $97.66, while 200 days put it at $85.94. A total of 0.24 million shares were traded, compared to the trading of 0.25 million shares in the previous session.
Levels Of Support And Resistance For WTFC Stock
The 24-hour chart illustrates a support level at 100.75, which if violated will result in even more drops to 100.01. On the upside, there is a resistance level at 102.59. A further resistance level may holdings at 103.69. The Relative Strength Index (RSI) on the 14-day chart is 57.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.25%. Stochastics %K at 51.96% indicates the stock is a holding.
How much short interest is there in Wintrust Financial Corp.?
A steep rise in short interest was recorded in Wintrust Financial Corp. stocks on Mar 28, 2024, growing by 0.15 million shares to a total of 1.86 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 1.71 million shares. There was a rise of 8.06%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.39% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.46.
