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 $1.02 million.
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 $0.66 million.
Wells Fargo upgraded its Webster Financial Corp [WBS] rating to an Overweight from a an Equal weight in a research note published on January 06, 2025; the price target was increased to $75 from $70. Morgan Stanley also remained covering WBS and has decreased its forecast on August 05, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Barclays started covering the stock on March 08, 2024. It rated WBS as “an Overweight”.
Price Performance Review of WBS
On Friday, Webster Financial Corp [NYSE:WBS] saw its stock jump 0.60% to $58.97. Over the last five days, the stock has gained 1.78%. Webster Financial Corp shares have risen nearly 6.79% since the year began. Nevertheless, the stocks have risen 18.03% over the past one year. While a 52-week high of $63.99 was reached on 01/21/25, a 52-week low of $39.33 was recorded on 01/10/25. SMA at 50 days reached $58.29, while 200 days put it at $49.11.
Levels Of Support And Resistance For WBS Stock
The 24-hour chart illustrates a support level at 57.97, which if violated will result in even more drops to 56.96. On the upside, there is a resistance level at 59.65. A further resistance level may holdings at 60.32. The Relative Strength Index (RSI) on the 14-day chart is 57.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.85, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 26.05%. Stochastics %K at 73.91% indicates the stock is a holding.
How much short interest is there in Webster Financial Corp?
A steep rise in short interest was recorded in Webster Financial Corp stocks on 2024-12-31, dropping by -0.51 million shares to a total of 3.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 3.73 million shares. There was a decline of -15.86%, which implies that there is a negative sentiment for the stock.
