Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. WSFS Financial Corp. shares valued at $139,841 were sold by Clark Stephen P on May 07 ’24. At $46.61 per share, Clark Stephen P sold 3,000 shares. The insider’s holdings dropped to 25,671 shares worth approximately $1.19 million following the completion of this transaction.
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Also, BACCI ARTHUR J sold 15,992 shares, netting a total of over 748,332 in proceeds. Following the sale of shares at $46.79 each, the insider now holds 20,990 shares.
Before that, Ward Patrick Joseph had sold 2,227 shares from its account. In a trade valued at $92,412, the Executive Vice President traded WSFS Financial Corp. shares for $41.50 each. Upon closing the transaction, the insider’s holdings decreased to 2,227 shares, worth approximately $6.47 million.
As published in a research note from DA Davidson on June 26, 2023, WSFS Financial Corp. [WSFS] has been rated up from a Neutral to a Buy and the price target has been revised to $45 from $38. Analysts at Stephens started covering the stock with ‘”an Overweight”‘ outlook in a report released in early April. As of February 01, 2023, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for WSFS. Earlier on December 01, 2022, Janney initiated its rating. Their recommendation was “a Buy” for WSFS stock.
Analyzing WSFS Stock Performance
During the last five days, there has been a surge of approximately 2.47%. Over the course of the year, WSFS Financial Corp. shares have jumped approximately 1.20%. Shares of the company reached a 52-week high of $47.71 on 01/30/24 and a 52-week low of $40.19 on 02/13/24. A 50-day SMA is recorded $44.79, while a 200-day SMA reached $42.09. Nevertheless, trading volume fell to 94253.0 shares from 0.23 million shares the previous day.
Support And Resistance Levels for WSFS Financial Corp. (WSFS)
According to the 24-hour chart, there is a support level at 46.12, which, if violated, would cause prices to drop to 45.76. In the upper region, resistance lies at 47.03. The next price resistance is at 47.59. RSI (Relative Strength Index) is 58.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.37, which suggests the price will increase in the coming days. Percent R is at 22.76%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
