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Do Traders Think Webster Financial Corporation (WBS) Can Keep Climbing Friday?

Friday, June 02, 2023 03:33 PM | InvestorsObserver Analysts

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Do Traders Think Webster Financial Corporation (WBS) Can Keep Climbing Friday?

The market has been high on Webster Financial Corporation (WBS) stock recently. WBS gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Webster Financial Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on WBS!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With WBS Stock Today?

Webster Financial Corporation (WBS) stock is trading at $38.62 as of 3:32 PM on Friday, Jun 2, a gain of $2.29, or 6.3% from the previous closing price of $36.33. The stock has traded between $36.69 and $38.73 so far today. Volume today is low. So far 573,934 shares have traded compared to average volume of 1,440,558 shares. To screen for more stocks like Webster Financial Corporation click here.

More About Webster Financial Corporation

Webster Financial Corp is a full-service provider of financial services, offering commercial and consumer banking, mortgages, and investment advisory along with trust and wealth management services in Connecticut, New York, Rhode Island, Massachusetts, and Pennsylvania. The company's segment includes Commercial Banking, HSA Bank, and Consumer Banking. It generates maximum revenue from the Commercial Banking segment. Click Here to get the full Stock Report for Webster Financial Corporation stock.

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