Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Webster Financial Corp shares valued at $100,085 were sold by GRIFFIN JAMES MI on Nov 26 ’24. At $62.16 per share, GRIFFIN JAMES MI sold 1,610 shares. The insider’s holdings dropped to 11,273 shares worth approximately $0.7 million following the completion of this transaction.
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Also, CIULLA JOHN R sold 8,000 shares, netting a total of over 474,670 in proceeds. Following the sale of shares at $59.33 each, the insider now holds 218,924 shares.
Before that, John R. Ciulla had added 8,000 shares to its account. In a trade valued at $479,680, the Affiliate bought Webster Financial Corp shares for $59.96 each.
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 surge of approximately 4.20%. Over the course of the year, Webster Financial Corp shares have jumped approximately 22.24%. Shares of the company reached a 52-week high of $63.99 on 11/25/24 and a 52-week low of $39.33 on 06/17/24. A 50-day SMA is recorded $52.38, while a 200-day SMA reached $47.44. Nevertheless, trading volume fell to 0.62 million shares from 1.54 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 61.55, which, if violated, would cause prices to drop to 61.05. In the upper region, resistance lies at 62.87. The next price resistance is at 63.69. RSI (Relative Strength Index) is 69.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.83, which suggests the price will increase in the coming days. Percent R is at 27.91%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
