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The Attractiveness of Investing In Wesbanco, Inc. (WSBC) is Growing

Wesbanco, Inc.’s recently made public that its Director STEMLER KERRY M acquired Company’s shares for reported $21002.0 on Feb 27 ’24. In the deal valued at $28.65 per share,733 shares were bought. As a result of this transaction, STEMLER KERRY M now holds 104,318 shares worth roughly $2.91 million.

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Then, STEMLER KERRY M bought 663 shares, generating $19,002 in total proceeds. Upon buying the shares at $28.66, the Director now owns 16,381 shares.

Hovde Group reiterated its Wesbanco, Inc. [WSBC] rating to an Outperform in a research note published on April 24, 2024; the price target was $34. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in early January from “a Mkt perform” to “an Outperform”. Hovde Group also remained covering WSBC and has increased its forecast on September 13, 2023 with a “an Outperform” recommendation from previously “Market perform” rating. Stephens started covering the stock on April 04, 2023. It rated WSBC as “an Equal-weight”.

Price Performance Review of WSBC

On Friday, Wesbanco, Inc. [NASDAQ:WSBC] saw its stock jump 3.10% to $27.91. Over the last five days, the stock has gained 6.45%. Wesbanco, Inc. shares have fallen nearly -11.03% since the year began. Nevertheless, the stocks have risen 8.77% over the past one year. While a 52-week high of $32.20 was reached on 01/02/24, a 52-week low of $23.00 was recorded on 06/11/24. SMA at 50 days reached $27.53, while 200 days put it at $27.65. A total of 0.86 million shares were traded, compared to the trading of 0.15 million shares in the previous session.

Levels Of Support And Resistance For WSBC Stock

The 24-hour chart illustrates a support level at 27.49, which if violated will result in even more drops to 27.08. On the upside, there is a resistance level at 28.17. A further resistance level may holdings at 28.44. The Relative Strength Index (RSI) on the 14-day chart is 59.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.47%. Stochastics%K at 78.13% indicates the stock is a holding.

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