The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Wintrust Financial Corp. shares valued at $56,766 were purchased by Smith Gregory A on Jun 04 ’24. At $94.61 per share, Smith Gregory A acquired 600 shares. The insider’s holdings grew to 600 shares worth approximately $66120.0 following the completion of this transaction.
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Also, WEHMER EDWARD J purchased 610 shares, netting a total of over 15,006 in proceeds. Following the buying of shares at $24.60 each, the insider now holds 2,099 shares.
Before that, WEHMER EDWARD J had added 587 shares to its account. In a trade valued at $14,483, the FOUNDER AND SENIOR ADVISOR bought Wintrust Financial Corp. shares for $24.67 each. Upon closing the transaction, the insider’s holdings increased to 587 shares, worth approximately $0.29 million.
As published in a research note from Keefe Bruyette on July 19, 2024, Wintrust Financial Corp. [WTFC] has been rated down from an Outperform to a Mkt perform and the price target has been revised to $115 from $110. As of March 08, 2024, Barclays has initiated its “an Overweight” rating for WTFC. Earlier on December 01, 2023, Citigroup initiated its rating. Their recommendation was “a Buy” for WTFC stock.
Analyzing WTFC Stock Performance
During the last five days, there has been a surge of approximately 7.42%. Over the course of the year, Wintrust Financial Corp. shares have jumped approximately 18.81%. Shares of the company reached a 52-week high of $113.68 on 07/17/24 and a 52-week low of $89.68 on 02/07/24. A 50-day SMA is recorded $104.65, while a 200-day SMA reached $98.68. Nevertheless, trading volume fell to 0.48 million shares from 0.41 million shares the previous day.
Support And Resistance Levels for Wintrust Financial Corp. (WTFC)
According to the 24-hour chart, there is a support level at 108.97, which, if violated, would cause prices to drop to 107.74. In the upper region, resistance lies at 111.18. The next price resistance is at 112.15. RSI (Relative Strength Index) is 62.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.71, which suggests the price will increase in the coming days. Percent R is at 6.67%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
