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 $473,967 were sold by MURPHY RICHARD B on Oct 29 ’24. At $115.63 per share, MURPHY RICHARD B sold 4,099 shares. The insider’s holdings dropped to 42,311 shares worth approximately $5.38 million following the completion of this transaction.
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Also, DYKSTRA DAVID A sold 15,492 shares, netting a total of over 1,789,016 in proceeds. Following the sale of shares at $115.48 each, the insider now holds 197,591 shares.
Before that, David A. Dykstra had added 15,492 shares to its account. In a trade valued at $1,798,002, the Vice Chairman and COO bought Wintrust Financial Corp shares for $116.06 each.
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 9.70%. Over the course of the year, Wintrust Financial Corp shares have jumped approximately 37.07%. Shares of the company reached a 52-week high of $131.66 on 11/06/24 and a 52-week low of $89.68 on 02/07/24. A 50-day SMA is recorded $110.15, while a 200-day SMA reached $101.91. Nevertheless, trading volume fell to 0.6 million shares from 1.2 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 126.07, which, if violated, would cause prices to drop to 125.01. In the upper region, resistance lies at 128.93. The next price resistance is at 130.73. RSI (Relative Strength Index) is 67.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.77, which suggests the price will increase in the coming days. Percent R is at 17.48%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
