Webster Financial Corporation (WBS) Moves Lower on Volume Spike for June 16

Equities Staff |

Webster Financial Corporation (WBS) traded on unusually high volume on Jun. 16, as the stock lost 0.75% to close at $52.88. On the day, Webster Financial Corporation saw 1.21 million shares trade hands on 6,526 trades. Considering that the stock averages only a daily volume of 672,902 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $57.50 and $31.29 over the last 52-weeks, its 50-day SMA is now $50.23, and its 200-day SMA $48.04. Webster Financial Corporation has a P/B ratio of 2. It also has a P/E ratio of 23.3.

Webster Financial Corp is a bank and financial holding company. It delivers financial services to individuals, families and businesses throughout southern New England and eastern New York State.

Headquartered in Waterbury, CT, Webster Financial Corporation has 3,168 employees and is currently under the leadership of CEO James C. Smith.

For a complete fundamental analysis analysis of Webster Financial Corporation, check out Equities.com’s Stock Valuation Analysis report for WBS.

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To get more information on Webster Financial Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: WBS’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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