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Hancock Whitney Corp. (HWC) may enjoy gains as insiders got busy in the recent days

In a filing, Hancock Whitney Corp. revealed 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 $2.59 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 $1.55 million.

Keefe Bruyette upgraded its Hancock Whitney Corp. [HWC] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in mid April from “a Neutral” to “a Buy”. Truist revised its rating on January 05, 2024. It rated HWC as “a Hold” which previously was an “a Buy”.

Price Performance Review of HWC

On Friday, Hancock Whitney Corp. [NASDAQ:HWC] saw its stock fall -2.14% to $43.96. Over the last five days, the stock has lost -5.44%. Hancock Whitney Corp. shares have fallen nearly -9.53% since the year began. Nevertheless, the stocks have risen 7.06% over the past one year. While a 52-week high of $49.65 was reached on 05/15/24, a 52-week low of $32.16 was recorded on 02/07/24. SMA at 50 days reached $45.83, while 200 days put it at $42.71. A total of 0.53 million shares were traded, compared to the trading of 0.37 million shares in the previous session.

Levels Of Support And Resistance For HWC Stock

The 24-hour chart illustrates a support level at 43.58, which if violated will result in even more drops to 43.20. On the upside, there is a resistance level at 44.52. A further resistance level may holdings at 45.09. The Relative Strength Index (RSI) on the 14-day chart is 39.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.49%. Stochastics %K at 25.63% indicates the stock is a holding.

The most recent change occurred on December 01, 2023 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $45 price target.

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