Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hancock Whitney Corp. shares valued at $158,166 were sold by Ziluca Christopher S on Feb 22 ’24. At $43.50 per share, Ziluca Christopher S sold 3,636 shares. The insider’s holdings dropped to 35,285 shares worth approximately $1.63 million following the completion of this transaction.
Also, Loper D Shane sold 17,690 shares, netting a total of over 828,069 in proceeds. Following the sale of shares at $46.81 each, the insider now holds 71,148 shares.
Before that, Exnicios Joseph S had sold 9,857 shares from its account. In a trade valued at $464,758, the President-Hancock Whitney Bank traded Hancock Whitney Corp. shares for $47.15 each. Upon closing the transaction, the insider’s holdings decreased to 9,857 shares, worth approximately $1.39 million.
As published in a research note from Citigroup on April 17, 2024, Hancock Whitney Corp. [HWC] has been rated up from a Neutral to a Buy and the price target has been revised to $50 from $48. As of January 05, 2024, Truist has decreased its “Buy” rating to a “Hold” for HWC. Earlier on December 01, 2023, Citigroup initiated its rating. Their recommendation was “a Neutral” for HWC stock.
Analyzing HWC Stock Performance
During the last five days, there has been a surge of approximately 8.07%. Over the course of the year, Hancock Whitney Corp. shares have dropped approximately -4.96%. Shares of the company reached a 52-week high of $49.10 on 01/02/24 and a 52-week low of $41.19 on 02/07/24. A 50-day SMA is recorded $43.73, while a 200-day SMA reached $42.00. Nevertheless, trading volume fell to 0.56 million shares from 0.4 million shares the previous day.
Support And Resistance Levels for Hancock Whitney Corp. (HWC)
According to the 24-hour chart, there is a support level at 45.63, which, if violated, would cause prices to drop to 45.07. In the upper region, resistance lies at 46.54. The next price resistance is at 46.89. RSI (Relative Strength Index) is 62.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.18, which suggests the price will increase in the coming days. Percent R is at 8.79%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
