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Checking in on Hancock Whitney Corp. (HWC) after recent insiders movement

Hancock Whitney Corp.’s recently made public that its Chief Banking Officer Knight Cecil W. Jr unloaded Company’s shares for reported $39516.0 on May 01 ’24. In the deal valued at $46.82 per share,844 shares were sold. As a result of this transaction, Knight Cecil W. Jr now holds 58,843 shares worth roughly $2.85 million.

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Then, PICKERING CHRISTINE L sold 1,300 shares, generating $59,306 in total proceeds. Upon selling the shares at $45.62, the Director now owns 23,982 shares.

Before that, Ziluca Christopher S sold 3,636 shares. Hancock Whitney Corp. shares valued at $158,166 were divested by the Chief Credit Officer at a price of $43.50 per share. As a result of the transaction, Ziluca Christopher S now holds 35,285 shares, worth roughly $1.71 million.

Citigroup upgraded its Hancock Whitney Corp. [HWC] rating to a Buy from a a Neutral in a research note published on April 17, 2024; the price target was increased to $50 from $48. Truist also remained covering HWC and has decreased its forecast on January 05, 2024 with a “Hold” recommendation from previously “Buy” rating. Citigroup started covering the stock on December 01, 2023. It rated HWC as “a Neutral”.

Price Performance Review of HWC

On Tuesday, Hancock Whitney Corp. [NASDAQ:HWC] saw its stock jump 1.98% to $48.36. Over the last five days, the stock has gained 0.17%. Hancock Whitney Corp. shares have fallen nearly -0.47% since the year began. Nevertheless, the stocks have risen 48.80% over the past one year. While a 52-week high of $49.65 was reached on 01/02/24, a 52-week low of $32.16 was recorded on 02/07/24. SMA at 50 days reached $44.79, while 200 days put it at $42.29. A total of 0.39 million shares were traded, compared to the trading of 0.4 million shares in the previous session.

Levels Of Support And Resistance For HWC Stock

The 24-hour chart illustrates a support level at 47.89, which if violated will result in even more drops to 47.43. On the upside, there is a resistance level at 48.63. A further resistance level may holdings at 48.91. The Relative Strength Index (RSI) on the 14-day chart is 64.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.09%. Stochastics %K at 69.47% indicates the stock is a holding.

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