In a filing, Wesbanco, Inc revealed its Director Clossin Todd unloaded Company’s shares for reported $0.18 million on Nov 12 ’24. In the deal valued at $36.08 per share,5,000 shares were sold. As a result of this transaction, Clossin Todd now holds 143,547 shares worth roughly $5.06 million.
Then, Clossin Todd bought 5,000 shares, generating $180,407 in total proceeds.
Before that, Perkins Michael L sold 1,125 shares. Wesbanco, Inc shares valued at $39,229 were divested by the SEVP/Chief Risk Admin Officer at a price of $34.87 per share. As a result of the transaction, Perkins Michael L now holds 46,817 shares, worth roughly $1.65 million.
Raymond James upgraded its Wesbanco, Inc [WSBC] rating to a Strong buy from a an Outperform in a research note published on December 06, 2024; the price target was increased to $44 from $35. A number of analysts have revised their coverage, including Hovde Group’s analysts, who remained covering the stock and in late July has reiterated a ‘”an Outperform”‘ rating for it. Hovde Group also remained covering WSBC and reiterated its “an Outperform” recommendation on April 24, 2024. Raymond James revised its rating on January 05, 2024. It rated WSBC as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of WSBC
On Tuesday, Wesbanco, Inc [NASDAQ:WSBC] saw its stock jump 2.62% to $35.22. Over the last five days, the stock has gained 0.54%. Wesbanco, Inc shares have risen nearly 8.24% since the year began. Nevertheless, the stocks have risen 22.46% over the past one year. While a 52-week high of $37.36 was reached on 01/27/25, a 52-week low of $25.56 was recorded on 01/13/25. SMA at 50 days reached $33.91, while 200 days put it at $30.92.
Levels Of Support And Resistance For WSBC Stock
The 24-hour chart illustrates a support level at 34.45, which if violated will result in even more drops to 33.68. On the upside, there is a resistance level at 35.63. A further resistance level may holdings at 36.04. The Relative Strength Index (RSI) on the 14-day chart is 62.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.15, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.79%. Stochastics %K at 84.72% indicates the stock is a selling.
How much short interest is there in Wesbanco, Inc?
A steep rise in short interest was recorded in Wesbanco, Inc stocks on 2024-12-31, growing by 0.79 million shares to a total of 2.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 1.76 million shares. There was a rise of 30.92%, which implies that there is a positive sentiment for the stock.
