In a filing, Webster Financial Corp. revealed its Chief Risk Officer BLEY DANIEL unloaded Company’s shares for reported $0.1 million on May 01 ’24. In the deal valued at $44.80 per share,2,280 shares were sold. As a result of this transaction, BLEY DANIEL now holds 28,693 shares worth roughly $1.32 million.
Then, MOTL CHRISTOPHER J sold 13,881 shares, generating $680,169 in total proceeds. Upon selling the shares at $49.00, the President of Comm. Banking now owns 59,647 shares.
Before that, GRIFFIN JAMES MI sold 1,200 shares. Webster Financial Corp. shares valued at $58,174 were divested by the Head of Consumer Banking at a price of $48.48 per share. As a result of the transaction, GRIFFIN JAMES MI now holds 15,440 shares, worth roughly $0.71 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 jump 2.63% to $46.10. Over the last five days, the stock has gained 2.70%. Webster Financial Corp. shares have fallen nearly -9.18% since the year began. Nevertheless, the stocks have risen 42.99% 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 04/30/24. SMA at 50 days reached $47.49, while 200 days put it at $45.30. A total of 1.02 million shares were traded, compared to the trading of 4.47 million shares in the previous session.
Levels Of Support And Resistance For WBS Stock
The 24-hour chart illustrates a support level at 45.48, which if violated will result in even more drops to 44.86. On the upside, there is a resistance level at 46.43. A further resistance level may holdings at 46.77. The Relative Strength Index (RSI) on the 14-day chart is 49.45, 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 35.93%. Stochastics %K at 41.04% indicates the stock is a holding.
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.
