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Janney Downgrades WSFS Financial Corp (WSFS) to a Neutral from a Buy

WSFS Financial Corp’s recently made public that its Executive Vice President Hopkins Jamie Patrick unloaded Company’s shares for reported $0.47 million on Nov 06 ’24. In the deal valued at $57.75 per share,8,090 shares were sold. As a result of this transaction, Hopkins Jamie Patrick now holds 10,143 shares worth roughly $0.57 million.

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Then, BACCI ARTHUR J sold 8,609 shares, generating $486,481 in total proceeds. Upon selling the shares at $56.51, the Executive Vice President now owns 22,315 shares.

Before that, Clark Stephen P sold 12,663 shares. WSFS Financial Corp shares valued at $715,657 were divested by the EVP at a price of $56.52 per share. As a result of the transaction, Clark Stephen P now holds 25,671 shares, worth roughly $1.45 million.

Janney downgraded its WSFS Financial Corp [WSFS] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including DA Davidson’s analysts, who increased its forecast for the stock in late June from “a Neutral” to “a Buy”. Stephens began covering WSFS with “an Overweight” recommendation on April 04, 2023. Piper Sandler revised its rating on February 01, 2023. It rated WSFS as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of WSFS

On Tuesday, WSFS Financial Corp [NASDAQ:WSFS] saw its stock fall -2.81% to $56.45. Over the last five days, the stock has lost -4.03%. WSFS Financial Corp shares have risen nearly 22.90% since the year began. Nevertheless, the stocks have risen 24.28% over the past one year. While a 52-week high of $62.75 was reached on 11/25/24, a 52-week low of $40.19 was recorded on 02/13/24. SMA at 50 days reached $55.13, while 200 days put it at $49.43.

Levels Of Support And Resistance For WSFS Stock

The 24-hour chart illustrates a support level at 55.78, which if violated will result in even more drops to 55.12. On the upside, there is a resistance level at 57.76. A further resistance level may holdings at 59.08. The Relative Strength Index (RSI) on the 14-day chart is 43.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.59%. Stochastics %K at 11.55% indicates the stock is a buying.

How much short interest is there in WSFS Financial Corp?

A steep rise in short interest was recorded in WSFS Financial Corp stocks on 2024-11-29, growing by 0.22 million shares to a total of 1.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.97 million shares. There was a rise of 18.85%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on December 01, 2022 when Janney began covering the stock and recommended ‘”a Buy”‘ rating along with a $57 price target.

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