Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hancock Whitney Corp. shares valued at $117,083 were sold by BERTUCCI FRANK E on Jul 29 ’24. At $57.03 per share, BERTUCCI FRANK E sold 2,053 shares. The insider’s holdings dropped to 22,554 shares worth approximately $1.1 million following the completion of this transaction.
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Also, PICKERING CHRISTINE L sold 1,300 shares, netting a total of over 59,306 in proceeds. Following the sale of shares at $45.62 each, the insider now holds 23,982 shares.
Before that, Knight Cecil W. Jr had sold 844 shares from its account. In a trade valued at $39,516, the Chief Banking Officer traded Hancock Whitney Corp. shares for $46.82 each. Upon closing the transaction, the insider’s holdings decreased to 844 shares, worth approximately $2.86 million.
As published in a research note from Hovde Group on July 17, 2024, Hancock Whitney Corp. [HWC] has been retained to an Outperform and the price target has been revised to $62. Analysts at Keefe Bruyette upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in late May. As of April 17, 2024, Citigroup has increased its “Neutral” rating to a “Buy” for HWC.
Analyzing HWC Stock Performance
During the last five days, there has been a drop of approximately -5.11%. Over the course of the year, Hancock Whitney Corp. shares have jumped approximately 0.04%. Shares of the company reached a 52-week high of $57.78 on 07/25/24 and a 52-week low of $41.19 on 02/07/24. A 50-day SMA is recorded $51.01, while a 200-day SMA reached $46.63. Nevertheless, trading volume fell to 0.44 million shares from 0.48 million shares the previous day.
Support And Resistance Levels for Hancock Whitney Corp. (HWC)
According to the 24-hour chart, there is a support level at 48.03, which, if violated, would cause prices to drop to 47.46. In the upper region, resistance lies at 49.00. The next price resistance is at 49.40. RSI (Relative Strength Index) is 38.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.64, which suggests the price will decrease in the coming days. Percent R is at 79.32%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
