Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $1.03 million following the completion of this transaction.
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 $0.67 million.
As published in a research note from Wells Fargo on January 06, 2025, Webster Financial Corp [WBS] has been rated up from an Equal weight to an Overweight and the price target has been revised to $75 from $70. As of August 05, 2024, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for WBS. Earlier on March 08, 2024, Barclays initiated its rating. Their recommendation was “an Overweight” for WBS stock.
Analyzing WBS Stock Performance
During the last five days, there has been a surge of approximately 0.86%. Over the course of the year, Webster Financial Corp shares have jumped approximately 8.33%. Shares of the company reached a 52-week high of $60.96 on 01/21/25 and a 52-week low of $53.32 on 01/10/25. A 50-day SMA is recorded $58.26, while a 200-day SMA reached $49.29. Nevertheless, trading volume fell to 0.8 million shares from 0.91 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 58.96, which, if violated, would cause prices to drop to 58.09. In the upper region, resistance lies at 60.78. The next price resistance is at 61.73. RSI (Relative Strength Index) is 61.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.47, which suggests the price will increase in the coming days. Percent R is at 14.92%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
