Webster Financial (WBS)’s shareholder Laurence Morse Sold 7,400 Shares; FUNCTIONX (FNCX) Shorts Lowered By 15.88%

Webster Financial Corporation (NYSE:WBS) Logo

FUNCTIONX INC (OTCMKTS:FNCX) had a decrease of 15.88% in short interest. FNCX’s SI was 19,600 shares in April as released by FINRA. Its down 15.88% from 23,300 shares previously. With 127,200 avg volume, 0 days are for FUNCTIONX INC (OTCMKTS:FNCX)’s short sellers to cover FNCX’s short positions. The SI to FUNCTIONX INC’s float is 1.53%. The stock decreased 4.44% or $0.001 during the last trading session, reaching $0.028. About 15,400 shares traded. Function (OTCMKTS:x Inc) has 0.00% since April 27, 2017 and is . It has underperformed by 11.55% the S&P500.

Function Inc. operates Wetpaint.com, an online destination for entertainment news for millennial women covering the latest in television, music, and pop culture. The company has market cap of $924,571. The firm also offers daily fantasy sports experience both directly to clients and to businesses desiring turnkey solutions. It currently has negative earnings. In addition, it operates Rant, a digital publisher that publishes original content in 13 different verticals, primarily sports, entertainment, pets, cars, and food; and Choose Digital, a digital marketplace platform that allows companies to incorporate digital content into existing rewards and loyalty programs in support of marketing and sales initiatives.

Among 19 analysts covering Webster Financial (NYSE:WBS), 8 have Buy rating, 1 Sell and 10 Hold. Therefore 42% are positive. Webster Financial has $75.0 highest and $35 lowest target. $53.71’s average target is -11.03% below currents $60.37 stock price. Webster Financial had 59 analyst reports since July 20, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, January 15 by Guggenheim. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, October 16. The rating was upgraded by JP Morgan to “Overweight” on Tuesday, November 24. Piper Jaffray maintained the shares of WBS in report on Tuesday, January 23 with “Hold” rating. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Sunday, July 23 report. The rating was maintained by Barclays Capital on Friday, October 20 with “Equal-Weight”. The stock of Webster Financial Corporation (NYSE:WBS) earned “Underweight” rating by Piper Jaffray on Wednesday, November 16. The stock has “Hold” rating by Jefferies on Friday, August 11. The rating was upgraded by Zacks on Tuesday, September 8 to “Hold”. The rating was maintained by Wood with “Buy” on Monday, April 24.

The stock increased 0.12% or $0.07 during the last trading session, reaching $60.37. About 207,377 shares traded. Webster Financial Corporation (NYSE:WBS) has risen 10.54% since April 27, 2017 and is uptrending. It has underperformed by 1.01% the S&P500.

Webster Financial Corporation operates as the holding firm for Webster Bank, National Association that provides financial services to individuals, families, and businesses in the United States. The company has market cap of $5.56 billion. It operates through four divisions: Commercial Banking, Community Banking, HSA Bank, and Private Banking. It has a 22.61 P/E ratio. The Commercial Banking segment provides lending, deposit, and cash management services to middle market companies; and asset lending, commercial real estate, and equipment finance, as well as treasury and payment services, which include government and institutional banking.

Since January 25, 2018, it had 0 insider purchases, and 5 insider sales for $1.07 million activity. $293,706 worth of Webster Financial Corporation (NYSE:WBS) was sold by BLEY DANIEL. The insider Pettie Mark sold 3,291 shares worth $185,415. $274,565 worth of Webster Financial Corporation (NYSE:WBS) was sold by BECKER JOEL S. MORRIS DAWN C had sold 2,431 shares worth $147,100.

Laurence Morse, shareholder of Webster Financial Corp is the insider, our team want to disclose transactions for. Mr. Laurence submitted a public document with the DC-based SEC revealing a sale for 7,400 shares of the Pinksheet-listed Webster Financial Corp, the one he is an insider in. At the time of the trade, the average market stock price of Webster Financial Corp was $60.6, making the total sale worth $448,514 U.S. Dollars. Laurence Morse right now owns 25,652 shares or 0.03% of the company’s total market cap.

Webster Financial Corporation (NYSE:WBS) Institutional Positions Chart