Webster Financial Corp.’s recently made public that its Chairman and CEO CIULLA JOHN R unloaded Company’s shares for reported $0.27 million on Sep 18 ’24. In the deal valued at $48.01 per share,5,584 shares were sold. As a result of this transaction, CIULLA JOHN R now holds 231,465 shares worth roughly $10.47 million.
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Then, CIULLA JOHN R sold 2,416 shares, generating $116,261 in total proceeds. Upon selling the shares at $48.12, the Chairman and CEO now owns 229,049 shares.
Before that, MORSE LAURENCE C sold 8,175 shares. Webster Financial Corp. shares valued at $359,536 were divested by the Director at a price of $43.98 per share. As a result of the transaction, MORSE LAURENCE C now holds 32,025 shares, worth roughly $1.45 million.
Morgan Stanley downgraded its Webster Financial Corp. [WBS] rating to an Equal-weight from a an Overweight in a research note published on August 05, 2024; the price target was increased to $57 from $54. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early March with a ‘”an Overweight”‘ rating. JP Morgan also remained covering WBS and has increased its forecast on January 24, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. BofA Securities started covering the stock on January 11, 2024. It rated WBS as “a Buy”.
Price Performance Review of WBS
On Monday, Webster Financial Corp. [NYSE:WBS] saw its stock fall -0.85% to $45.25. Over the last five days, the stock has lost -2.92%. Webster Financial Corp. shares have fallen nearly -10.86% since the year began. Nevertheless, the stocks have risen 14.91% over the past one year. While a 52-week high of $53.39 was reached on 01/30/24, a 52-week low of $36.36 was recorded on 06/17/24. SMA at 50 days reached $45.60, while 200 days put it at $46.54.
Levels Of Support And Resistance For WBS Stock
The 24-hour chart illustrates a support level at 44.84, which if violated will result in even more drops to 44.42. On the upside, there is a resistance level at 45.67. A further resistance level may holdings at 46.08. The Relative Strength Index (RSI) on the 14-day chart is 47.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.87%. Stochastics %K at 30.52% indicates the stock is a holding.
How much short interest is there in Webster Financial Corp.?
A steep rise in short interest was recorded in Webster Financial Corp. stocks on 2024-09-13, dropping by -0.68 million shares to a total of 3.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 3.9 million shares. There was a decline of -21.16%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 01, 2023 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $51 price target.
