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Webster Financial Corp. [WBS] Chief Risk Officer makes an insider sale of 498 shares worth 20,971.

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Webster Financial Corp. shares valued at $20,971 were sold by BLEY DANIEL on Jun 04 ’24. At $42.11 per share, BLEY DANIEL sold 498 shares. The insider’s holdings dropped to 25,992 shares worth approximately $1.15 million following the completion of this transaction.

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Also, Whiston William E. sold 4,000 shares, netting a total of over 185,120 in proceeds. Following the sale of shares at $46.28 each, the insider now holds 9,666 shares.

Before that, BLEY DANIEL had sold 2,280 shares from its account. In a trade valued at $102,144, the Chief Risk Officer traded Webster Financial Corp. shares for $44.80 each. Upon closing the transaction, the insider’s holdings decreased to 2,280 shares, worth approximately $1.27 million.

As published in their initiating research note from Barclays on March 08, 2024, Webster Financial Corp. [WBS] has been an Overweight and the price target has been revised to $70. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in late January. As of January 11, 2024, BofA Securities has initiated its “Buy” rating for WBS. Earlier on December 01, 2023, Citigroup initiated its rating. Their recommendation was “a Buy” for WBS stock.

Analyzing WBS Stock Performance

During the last five days, there has been a surge of approximately 6.31%. Over the course of the year, Webster Financial Corp. shares have dropped approximately -12.75%. Shares of the company reached a 52-week high of $52.77 on 01/30/24 and a 52-week low of $39.33 on 06/17/24. A 50-day SMA is recorded $43.66, while a 200-day SMA reached $45.23. Nevertheless, trading volume fell to 1.03 million shares from 1.85 million shares the previous day.

Support And Resistance Levels for Webster Financial Corp. (WBS)

According to the 24-hour chart, there is a support level at 42.85, which, if violated, would cause prices to drop to 42.25. In the upper region, resistance lies at 44.63. The next price resistance is at 45.81. RSI (Relative Strength Index) is 58.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.38, which suggests the price will increase in the coming days. Percent R is at 30.90%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.

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