Webster Financial Corp.’s filing revealed that its President of Comm. Banking MOTL CHRISTOPHER J unloaded Company’s shares for reported $0.68 million on Mar 11 ’24. In the deal valued at $49.00 per share,13,881 shares were sold. As a result of this transaction, MOTL CHRISTOPHER J now holds 59,647 shares worth roughly $2.73 million.
Then, GRIFFIN JAMES MI sold 1,200 shares, generating $58,174 in total proceeds. Upon selling the shares at $48.48, the Head of Consumer Banking now owns 15,440 shares.
Before that, SOTO JASON A. sold 907 shares. Webster Financial Corp. shares valued at $43,694 were divested by the Chief Credit Officer at a price of $48.17 per share. As a result of the transaction, SOTO JASON A. now holds 23,091 shares, worth roughly $1.06 million.
Barclays initiated its Webster Financial Corp. [WBS] rating to an Overweight in a research note published on March 08, 2024; the price target was $70. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in late January from “a Neutral” to “an Overweight”. BofA Securities began covering WBS with “Buy” recommendation on January 11, 2024. Citigroup started covering the stock on December 01, 2023. It rated WBS as “a Buy”.
Price Performance Review of WBS
On Monday, Webster Financial Corp. [NYSE:WBS] saw its stock fall -0.87% to $45.83. Over the last five days, the stock has lost -6.07%. Webster Financial Corp. shares have fallen nearly -9.71% since the year began. Nevertheless, the stocks have risen 19.75% over the past one year. While a 52-week high of $53.39 was reached on 01/30/24, a 52-week low of $31.03 was recorded on 02/07/24. SMA at 50 days reached $47.97, while 200 days put it at $44.93. A total of 0.87 million shares were traded, compared to the trading of 1.22 million shares in the previous session.
Levels Of Support And Resistance For WBS Stock
The 24-hour chart illustrates a support level at 45.18, which if violated will result in even more drops to 44.53. On the upside, there is a resistance level at 46.87. A further resistance level may holdings at 47.91. The Relative Strength Index (RSI) on the 14-day chart is 34.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.41%. Stochastics %K at 5.92% indicates the stock is a buying.
The most recent change occurred on September 12, 2023 when Seaport Research Partners began covering the stock and recommended ‘”a Buy”‘ rating along with a $56 price target.
