Webster Financial Corp.’s filing revealed that its Chief Risk Officer BLEY DANIEL unloaded Company’s shares for reported $20971.0 on Jun 04 ’24. In the deal valued at $42.11 per share,498 shares were sold. As a result of this transaction, BLEY DANIEL now holds 25,992 shares worth roughly $1.1 million.
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Then, Whiston William E. sold 4,000 shares, generating $185,120 in total proceeds. Upon selling the shares at $46.28, the Director now owns 9,666 shares.
Before that, BLEY DANIEL sold 2,280 shares. Webster Financial Corp. shares valued at $102,144 were divested by the Chief Risk Officer at a price of $44.80 per share. As a result of the transaction, BLEY DANIEL now holds 28,693 shares, worth roughly $1.21 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 3.13% to $42.14. Over the last five days, the stock has gained 6.31%. Webster Financial Corp. shares have fallen nearly -16.98% since the year began. Nevertheless, the stocks have risen 13.16% over the past one year. While a 52-week high of $53.39 was reached on 01/30/24, a 52-week low of $36.22 was recorded on 06/17/24. SMA at 50 days reached $44.07, while 200 days put it at $45.18. A total of 1.04 million shares were traded, compared to the trading of 0.71 million shares in the previous session.
Levels Of Support And Resistance For WBS Stock
The 24-hour chart illustrates a support level at 41.17, which if violated will result in even more drops to 40.19. On the upside, there is a resistance level at 42.83. A further resistance level may holdings at 43.51. The Relative Strength Index (RSI) on the 14-day chart is 48.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.48%. Stochastics %K at 48.73% indicates the stock is a holding.
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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.
