Wesbanco, Inc.’s recently made public that its EVP – Treasury RICHMOND BRENT E unloaded Company’s shares for reported $0.36 million on Sep 17 ’24. In the deal valued at $31.26 per share,11,523 shares were sold. As a result of this transaction, RICHMOND BRENT E now holds 27,325 shares worth roughly $0.86 million.
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Then, Perkins Michael L sold 5,363 shares, generating $161,895 in total proceeds. Upon selling the shares at $30.19, the SEVP/Chief Risk Admin Officer now owns 46,817 shares.
Before that, Perkins Michael L bought 5,363 shares. Wesbanco, Inc. shares valued at $161,895 were divested by the Officer at a price of $30.19 per share.
Hovde Group reiterated its Wesbanco, Inc. [WSBC] rating to an Outperform in a research note published on July 29, 2024; the price target was $38. A number of analysts have revised their coverage, including Hovde Group’s analysts, who remained covering the stock and in late April has reiterated a ‘”an Outperform”‘ rating for it. Raymond James also remained covering WSBC and has increased its forecast on January 05, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. Hovde Group revised its rating on September 13, 2023. It rated WSBC as “an Outperform” which previously was an “a Market perform”.
Price Performance Review of WSBC
On Monday, Wesbanco, Inc. [NASDAQ:WSBC] saw its stock jump 3.43% to $31.33. Over the last five days, the stock has gained 2.72%. Wesbanco, Inc. shares have fallen nearly -0.13% since the year began. Nevertheless, the stocks have risen 29.73% over the past one year. While a 52-week high of $34.85 was reached on 07/25/24, a 52-week low of $23.04 was recorded on 06/11/24. SMA at 50 days reached $30.59, while 200 days put it at $29.24.
Levels Of Support And Resistance For WSBC Stock
The 24-hour chart illustrates a support level at 30.82, which if violated will result in even more drops to 30.30. On the upside, there is a resistance level at 31.62. A further resistance level may holdings at 31.91. The Relative Strength Index (RSI) on the 14-day chart is 58.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.44%. Stochastics %K at 59.56% indicates the stock is a holding.
How much short interest is there in Wesbanco, Inc.?
A steep rise in short interest was recorded in Wesbanco, Inc. stocks on 2024-10-15, dropping by -0.28 million shares to a total of 1.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.89 million shares. There was a decline of -17.76%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 04, 2023 when Stephens began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $28 price target.
