Wesbanco, Inc’s recently made public that 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 $4.63 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 $1.51 million.
Keefe Bruyette upgraded its Wesbanco, Inc [WSBC] rating to an Outperform from a a Mkt perform in a research note published on February 10, 2025; the price target was increased to $44 from $40. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in early December from “an Outperform” to “a Strong buy”. Hovde Group also remained covering WSBC and reiterated its “an Outperform” recommendation on July 29, 2024. Hovde Group maintained its rating on April 24, 2024. It rated WSBC as “an Outperform”.
Price Performance Review of WSBC
On Tuesday, Wesbanco, Inc [NASDAQ:WSBC] saw its stock fall -0.28% to $32.25. Over the last five days, the stock has gained 1.03%. Wesbanco, Inc shares have fallen nearly -0.89% since the year began. Nevertheless, the stocks have risen 11.25% over the past one year. While a 52-week high of $37.36 was reached on 02/14/25, a 52-week low of $25.56 was recorded on 01/13/25. SMA at 50 days reached $33.77, while 200 days put it at $31.94.
Levels Of Support And Resistance For WSBC Stock
The 24-hour chart illustrates a support level at 32.06, which if violated will result in even more drops to 31.88. On the upside, there is a resistance level at 32.44. A further resistance level may holdings at 32.63. The Relative Strength Index (RSI) on the 14-day chart is 44.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.62%. Stochastics %K at 45.13% indicates the stock is a holding.
How much short interest is there in Wesbanco, Inc?
A steep rise in short interest was recorded in Wesbanco, Inc stocks on 2025-02-28, growing by 0.6 million shares to a total of 3.53 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 2.93 million shares. There was a rise of 17.05%, which implies that there is a positive sentiment for the stock.
