Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hancock Whitney Corp shares valued at $1,069,920 were sold by HAIRSTON JOHN M on Nov 07 ’24. At $59.44 per share, HAIRSTON JOHN M sold 18,000 shares. The insider’s holdings dropped to 254,026 shares worth approximately $15.1 million following the completion of this transaction.
Also, HAIRSTON JOHN M purchased 18,000 shares, netting a total of over 1,096,200 in proceeds.
Before that, PICKERING CHRISTINE L had sold 763 shares from its account. In a trade valued at $39,981, the Director traded Hancock Whitney Corp shares for $52.40 each. Upon closing the transaction, the insider’s holdings decreased to 763 shares, worth approximately $1.4 million.
As published in a research note from Stephens on December 09, 2024, Hancock Whitney Corp [HWC] has been rated up from an Equal-weight to an Overweight. Analysts at Hovde Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in mid July. As of May 31, 2024, Keefe Bruyette has increased its “Mkt perform” rating to a “an Outperform” for HWC. Earlier on April 17, 2024, Citigroup upgraded its rating. Their new recommendation was “a Buy” for HWC stock which previously was a “a Neutral”.
Analyzing HWC Stock Performance
During the last five days, there has been a surge of approximately 7.83%. Over the course of the year, Hancock Whitney Corp shares have jumped approximately 8.66%. Shares of the company reached a 52-week high of $60.08 on 01/15/25 and a 52-week low of $53.35 on 01/03/25. A 50-day SMA is recorded $57.15, while a 200-day SMA reached $50.89. Nevertheless, trading volume fell to 0.83 million shares from 0.75 million shares the previous day.
Support And Resistance Levels for Hancock Whitney Corp (HWC)
According to the 24-hour chart, there is a support level at 58.80, which, if violated, would cause prices to drop to 58.13. In the upper region, resistance lies at 60.10. The next price resistance is at 60.74. RSI (Relative Strength Index) is 64.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.95, which suggests the price will increase in the coming days. Percent R is at 9.21%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
