Webster Financial Corporation (NYSE:WBS) has been under a strong bear grip, hence the stock is down -11.42% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.48% in the past 1 week. The stock has risen by 1.77% in the past week indicating that the buyers are active at lower levels, but the stock is down -9.99% in the past 4 weeks.
The company shares have dropped -14.99% 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 $36.32 and the 200 Day Moving Average price is recorded at $35.41.
The stock has recorded a 20-day Moving Average of 2.58% and the 50-Day Moving Average is 6.01%.
Webster Financial Corporation (NYSE:WBS): stock turned positive on Friday. Though the stock opened at $33.91, the bulls momentum made the stock top out at $34.33 level for the day. The stock recorded a low of $33.785 and closed the trading day at $33.98, in the green by 1.65%. The total traded volume for the day was 865,956. The stock had closed at $33.43 in the previous days trading.
In an insider trading activity,The officer (EVP – Private Banking) of Webster Financial Corp, Fitzpatrick Daniel Manning sold 6,001 shares at $35.31 on May 4, 2016. The Insider selling transaction had a total value worth of $211,895. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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 www.websterbank.com. 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.