Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Wesbanco, Inc. shares valued at $360,167 were sold by RICHMOND BRENT E on Sep 17 ’24. At $31.26 per share, RICHMOND BRENT E sold 11,523 shares. The insider’s holdings dropped to 27,325 shares worth approximately $0.86 million following the completion of this transaction.
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Also, Perkins Michael L sold 5,363 shares, netting a total of over 161,895 in proceeds. Following the sale of shares at $30.19 each, the insider now holds 46,817 shares.
Before that, Perkins Michael L had added 5,363 shares to its account. In a trade valued at $161,895, the Officer bought Wesbanco, Inc. shares for $30.19 each.
As published in a research note from Hovde Group on July 29, 2024, Wesbanco, Inc. [WSBC] has been retained to an Outperform and the price target has been revised to $38. Analysts at Hovde Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late April. As of January 05, 2024, Raymond James has increased its “Mkt perform” rating to a “an Outperform” for WSBC. Earlier on September 13, 2023, Hovde Group upgraded its rating. Their new recommendation was “an Outperform” for WSBC stock which previously was a “a Market perform”.
Analyzing WSBC Stock Performance
During the last five days, there has been a surge of approximately 7.25%. Over the course of the year, Wesbanco, Inc. shares have dropped approximately -0.03%. Shares of the company reached a 52-week high of $34.85 on 07/25/24 and a 52-week low of $25.56 on 06/11/24. A 50-day SMA is recorded $30.43, while a 200-day SMA reached $29.22. Nevertheless, trading volume fell to 0.53 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Wesbanco, Inc. (WSBC)
According to the 24-hour chart, there is a support level at 30.95, which, if violated, would cause prices to drop to 30.55. In the upper region, resistance lies at 31.73. The next price resistance is at 32.11. RSI (Relative Strength Index) is 63.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.24, which suggests the price will increase in the coming days. Percent R is at 10.30%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
