Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Webster Financial Corp shares valued at $459,446 were sold by CIULLA JOHN R on Feb 20 ’25. At $57.43 per share, CIULLA JOHN R sold 8,000 shares. The insider’s holdings dropped to 210,051 shares worth approximately $10.19 million following the completion of this transaction.
Also, John R. Ciulla purchased 8,000 shares, netting a total of over 469,360 in proceeds.
Before that, MORSE LAURENCE C had sold 13,217 shares from its account. In a trade valued at $780,728, the Director traded Webster Financial Corp shares for $59.07 each. Upon closing the transaction, the insider’s holdings decreased to 13,217 shares, worth approximately $0.91 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 drop of approximately -6.17%. Over the course of the year, Webster Financial Corp shares have dropped approximately -12.13%. Shares of the company reached a 52-week high of $61.65 on 02/07/25 and a 52-week low of $47.27 on 03/10/25. A 50-day SMA is recorded $56.57, while a 200-day SMA reached $50.88.
Support And Resistance Levels for Webster Financial Corp (WBS)
According to the 24-hour chart, there is a support level at 47.86, which, if violated, would cause prices to drop to 47.19. In the upper region, resistance lies at 49.81. The next price resistance is at 51.09. RSI (Relative Strength Index) is 28.44 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.62, which suggests the price will decrease in the coming days. Percent R is at 87.10%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
