1.72% +0.645

Webster Financial Corp. (WBS)

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Why is Webster Financial Corp. (WBS) Stock down?

We've noticed a 5.00% decline in Webster Financial Corp. (WBS) stock during the 2024-04-23 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

31 Jan, 2024:

Webster Financial Corp. (WBS) stock dropped by 5.52% due to recent actions of Luis Massiani, the company's Chief Operating Officer (COO).

Insider Selling: Massiani sold 13,500 shares of Webster Financial Corp on January 30, 2024, as disclosed in a recent SEC filing. Webster Financial Corp. operates as a bank holding company for Webster Bank, serving clients in the Northeastern United States with a range of financial services.
Impact on Stock Price: The repeated insider selling activity has raised concerns among investors, as it suggests a lack of confidence in the company's future performance. Investors often view insider selling as a signal that insiders may have negative outlooks regarding the company's prospects, leading to a decrease in demand for the stock. This decrease in demand, coupled with a consistent pattern of insider selling, likely contributed to the 5.52% decline in Webster Financial Corp's stock price.