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 $245,350 were sold by WILKINS CHARLES L on Jul 26 ’24. At $49.07 per share, WILKINS CHARLES L sold 5,000 shares. The insider’s holdings dropped to 45,157 shares worth approximately $1.99 million following the completion of this transaction.
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Also, BLEY DANIEL sold 3,000 shares, netting a total of over 146,955 in proceeds. Following the sale of shares at $48.98 each, the insider now holds 22,992 shares.
Before that, SOTO JASON A. had sold 1,650 shares from its account. In a trade valued at $76,428, the Chief Credit Officer traded Webster Financial Corp. shares for $46.32 each. Upon closing the transaction, the insider’s holdings decreased to 1,650 shares, worth approximately $0.91 million.
As published in a research note from Morgan Stanley on August 05, 2024, Webster Financial Corp. [WBS] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $57 from $54. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in early March. As of January 24, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for WBS. Earlier on January 11, 2024, BofA Securities 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 3.57%. Over the course of the year, Webster Financial Corp. shares have dropped approximately -13.02%. 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 $44.21, while a 200-day SMA reached $46.19. Nevertheless, trading volume fell to 0.64 million shares from 0.67 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 43.68, which, if violated, would cause prices to drop to 43.21. In the upper region, resistance lies at 44.43. The next price resistance is at 44.71. RSI (Relative Strength Index) is 45.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.45, which suggests the price will decrease in the coming days. Percent R is at 65.76%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
