Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Wesbanco, Inc shares valued at $180,407 were sold by Clossin Todd on Nov 12 ’24. At $36.08 per share, Clossin Todd sold 5,000 shares. The insider’s holdings dropped to 143,547 shares worth approximately $4.56 million following the completion of this transaction.
Also, Clossin Todd purchased 5,000 shares, netting a total of over 180,407 in proceeds.
Before that, Perkins Michael L had sold 1,125 shares from its account. In a trade valued at $39,229, the SEVP/Chief Risk Admin Officer traded Wesbanco, Inc shares for $34.87 each. Upon closing the transaction, the insider’s holdings decreased to 1,125 shares, worth approximately $1.49 million.
As published in a research note from Raymond James on December 06, 2024, Wesbanco, Inc [WSBC] has been rated up from an Outperform to a Strong buy and the price target has been revised to $44 from $35. Analysts at Hovde Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late July. As of April 24, 2024, Hovde Group has reiterated its “an Outperform” rating for WSBC. Earlier on January 05, 2024, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for WSBC stock which previously was a “a Mkt perform”.
Analyzing WSBC Stock Performance
During the last five days, there has been a surge of approximately 0.99%. Over the course of the year, Wesbanco, Inc shares have dropped approximately -2.46%. Shares of the company reached a 52-week high of $32.80 on 01/02/25 and a 52-week low of $29.88 on 01/13/25. A 50-day SMA is recorded $34.06, while a 200-day SMA reached $30.61. Nevertheless, trading volume fell to 0.66 million shares from 0.32 million shares the previous day.
Support And Resistance Levels for Wesbanco, Inc (WSBC)
According to the 24-hour chart, there is a support level at 31.49, which, if violated, would cause prices to drop to 31.24. In the upper region, resistance lies at 32.08. The next price resistance is at 32.41. RSI (Relative Strength Index) is 42.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.21, which suggests the price will decrease in the coming days. Percent R is at 39.41%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
