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. Webster Financial Corp shares valued at $479,680 were purchased by John R. Ciulla on Nov 20 ’24. At $59.96 per share, John R. Ciulla acquired 8,000 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, WILKINS CHARLES L sold 5,000 shares, netting a total of over 297,500 in proceeds. Following the sale of shares at $59.50 each, the insider now holds 33,657 shares.
Before that, States Lauren had sold 1,650 shares from its account. In a trade valued at $99,998, the Director traded Webster Financial Corp shares for $60.60 each. Upon closing the transaction, the insider’s holdings decreased to 1,650 shares, worth approximately $0.89 million.
As published in a research note from Morgan Stanley on August 05, 2024, Webster Financial Corp [WBS] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $57 from $54. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in early March. As of January 24, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for WBS. Earlier on January 11, 2024, BofA Securities initiated its rating. Their recommendation was “a Buy” for WBS stock.
Analyzing WBS Stock Performance
During the last five days, there has been a drop of approximately -0.48%. Over the course of the year, Webster Financial Corp shares have jumped approximately 17.32%. Shares of the company reached a 52-week high of $61.12 on 11/13/24 and a 52-week low of $39.33 on 06/17/24. A 50-day SMA is recorded $50.72, while a 200-day SMA reached $47.05. Nevertheless, trading volume fell to 1.39 million shares from 0.83 million shares the previous day.
Support And Resistance Levels for Webster Financial Corp (WBS)
According to the 24-hour chart, there is a support level at 58.73, which, if violated, would cause prices to drop to 57.90. In the upper region, resistance lies at 60.20. The next price resistance is at 60.84. RSI (Relative Strength Index) is 66.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.37, which suggests the price will increase in the coming days. Percent R is at 13.49%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
