Webster Financial Corp’s filing revealed that its Chief Risk Officer BLEY DANIEL unloaded Company’s shares for reported $30952.0 on Nov 29 ’24. In the deal valued at $61.91 per share,500 shares were sold. As a result of this transaction, BLEY DANIEL now holds 17,279 shares worth roughly $0.96 million.
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Then, BLEY DANIEL bought 500 shares, generating $30,952 in total proceeds.
Before that, GRIFFIN JAMES MI sold 1,610 shares. Webster Financial Corp shares valued at $100,085 were divested by the Head of Consumer Banking at a price of $62.16 per share. As a result of the transaction, GRIFFIN JAMES MI now holds 11,273 shares, worth roughly $0.62 million.
A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in early August from “an Overweight” to “an Equal-weight”. Barclays began covering WBS with “an Overweight” recommendation on March 08, 2024. JP Morgan revised its rating on January 24, 2024. It rated WBS as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of WBS
On Monday, Webster Financial Corp [NYSE:WBS] saw its stock jump 0.73% to $55.39. Over the last five days, the stock has lost -6.12%. Webster Financial Corp shares have risen nearly 9.12% since the year began. Nevertheless, the stocks have risen 9.08% over the past one year. While a 52-week high of $63.99 was reached on 11/25/24, a 52-week low of $39.33 was recorded on 06/17/24. SMA at 50 days reached $56.60, while 200 days put it at $48.36.
Levels Of Support And Resistance For WBS Stock
The 24-hour chart illustrates a support level at 54.62, which if violated will result in even more drops to 53.85. On the upside, there is a resistance level at 55.97. A further resistance level may holdings at 56.54. The Relative Strength Index (RSI) on the 14-day chart is 39.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.71%. Stochastics %K at 15.05% indicates the stock is a buying.
How much short interest is there in Webster Financial Corp?
A steep rise in short interest was recorded in Webster Financial Corp stocks on 2024-11-29, growing by 0.76 million shares to a total of 3.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.97 million shares. There was a rise of 20.31%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 11, 2024 when BofA Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $60 price target.
