Shares of Webster Financial Corporation (NYSE:WBS) Sees Large Outflow of Money

Webster Financial Corporation (NYSE:WBS) : The value of composite uptick trades was $9.32 million, whereas, the value of composite downtick trades was $24.99 million. The uptick to downtick ratio stood at 0.37 with a negative money flow of ($15.67) Million during Wednesdays trading session. The block trades money flow was negative ($15.52 million).The uptick to the downtick ratio of 0.12 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $2.16 million. The transaction of the trades on downticks amounted to $17.67 million, which confirms investors selling on the strength of price. Webster Financial Corporation (NYSE:WBS) gained 104 cents at $33.27, an increase of 3.23% over the previous days close.


In an insider trading activity, The Securities and Exchange Commission has divulged that Fitzpatrick Daniel Manning, officer (EVP – Private Banking) of Webster Financial Corp, had unloaded 6,001 shares at an average price of $35.31 in a transaction dated on May 4, 2016. The total value of the transaction was worth $211,895. Currently the company Insiders own 2.59% of Webster Financial Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -11.31% . Institutional Investors own 91.61% of Webster Financial Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -2.74%.

The company shares have dropped -19.53% from its 1 Year high price. On Dec 1, 2015, the shares registered one year high at $40.72 and the one year low was seen on Jan 25, 2016. The 50-Day Moving Average price is $36.76 and the 200 Day Moving Average price is recorded at $35.62. Webster Financial Corporation (NYSE:WBS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.75 and $32.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.42. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.27, notching a gain of 3.23% for the day. The total traded volume was 2,447,303 . The stock had closed at $32.23 on the previous day.

Webster Financial Corporation (Webster) is a bank and financial holding company. Webster Financial Corporations principal assets include the outstanding capital stock of Webster Bank, National Association (Webster Bank). Webster, through Webster Bank and non-banking financial services subsidiaries, delivers financial services to individuals, families and businesses. Webster Bank provides commercial, small business and consumer banking, mortgage lending, financial planning, and trust and investment services through banking centers, automatic teller machines, telephone banking, mobile banking and online banking through The Company operates in three segments: Commercial Banking, Community Banking and Other. The Community Banking consists of the Personal Banking and Business Banking operations. Commercial Banking provides lending, deposit, and treasury and payment solutions. Other segment activities consist of HSA Bank and the Private Banking operating segments.

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