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 $4.01 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 $1.31 million.
A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in early February from “a Mkt perform” to “an Outperform”. Raymond James also remained covering WSBC and has increased its forecast on December 06, 2024 with a “Strong buy” recommendation from previously “an Outperform” rating. Hovde Group maintained its rating on July 29, 2024. It rated WSBC as “an Outperform”.
Price Performance Review of WSBC
On Monday, Wesbanco, Inc [NASDAQ:WSBC] saw its stock fall -1.20% to $27.96. Over the last five days, the stock has gained 4.37%. Wesbanco, Inc shares have fallen nearly -14.07% since the year began. Nevertheless, the stocks have risen 2.27% 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 04/11/25. SMA at 50 days reached $32.10, while 200 days put it at $32.13.
Levels Of Support And Resistance For WSBC Stock
The 24-hour chart illustrates a support level at 27.60, which if violated will result in even more drops to 27.25. On the upside, there is a resistance level at 28.19. A further resistance level may holdings at 28.42. The Relative Strength Index (RSI) on the 14-day chart is 38.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.02%. Stochastics %K at 35.19% 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 2025-03-31, dropping by -1.78 million shares to a total of 1.76 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 3.53 million shares. There was a decline of -101.3%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 24, 2024 when Hovde Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $34.
