Webster Financial Corp’s recent filing unveils that its Chairman and CEO CIULLA JOHN R unloaded Company’s shares for reported $0.46 million on Feb 20 ’25. In the deal valued at $57.43 per share,8,000 shares were sold. As a result of this transaction, CIULLA JOHN R now holds 210,051 shares worth roughly $9.12 million.
Then, John R. Ciulla bought 8,000 shares, generating $469,360 in total proceeds.
Before that, MORSE LAURENCE C sold 13,217 shares. Webster Financial Corp shares valued at $780,728 were divested by the Director at a price of $59.07 per share. As a result of the transaction, MORSE LAURENCE C now holds 18,808 shares, worth roughly $0.82 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 Monday, Webster Financial Corp [NYSE:WBS] saw its stock jump 2.53% to $43.44. Over the last five days, the stock has gained 2.33%. Webster Financial Corp shares have fallen nearly -21.33% since the year began. Nevertheless, the stocks have fallen -6.94% over the past one year. While a 52-week high of $63.99 was reached on 02/07/25, a 52-week low of $39.33 was recorded on 04/04/25. SMA at 50 days reached $52.64, while 200 days put it at $51.61.
Levels Of Support And Resistance For WBS Stock
The 24-hour chart illustrates a support level at 42.50, which if violated will result in even more drops to 41.56. On the upside, there is a resistance level at 43.99. A further resistance level may holdings at 44.55. The Relative Strength Index (RSI) on the 14-day chart is 38.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.69%. Stochastics %K at 22.85% 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 2025-03-31, dropping by -0.22 million shares to a total of 3.53 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 3.75 million shares. There was a decline of -6.27%, which implies that there is a negative sentiment for the stock.
