Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Webster Financial Corp shares valued at $30,952 were sold by BLEY DANIEL on Nov 29 ’24. At $61.91 per share, BLEY DANIEL sold 500 shares. The insider’s holdings dropped to 17,279 shares worth approximately $0.94 million following the completion of this transaction.
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Also, BLEY DANIEL purchased 500 shares, netting a total of over 30,952 in proceeds.
Before that, GRIFFIN JAMES MI had sold 1,610 shares from its account. In a trade valued at $100,085, the Head of Consumer Banking traded Webster Financial Corp shares for $62.16 each. Upon closing the transaction, the insider’s holdings decreased to 1,610 shares, worth approximately $0.61 million.
Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in early August. As of March 08, 2024, Barclays has initiated its “an Overweight” rating for WBS. Earlier on January 24, 2024, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for WBS stock which previously was a “a Neutral”.
Analyzing WBS Stock Performance
During the last five days, there has been a drop of approximately -8.36%. Over the course of the year, Webster Financial Corp shares have jumped approximately 6.64%. 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 $56.27, while a 200-day SMA reached $48.29. Nevertheless, trading volume fell to 1.24 million shares from 1.08 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 53.39, which, if violated, would cause prices to drop to 52.66. In the upper region, resistance lies at 55.43. The next price resistance is at 56.74. RSI (Relative Strength Index) is 31.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.30, which suggests the price will decrease in the coming days. Percent R is at 97.95%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
