Analysts review WEC Energy Group Inc’s rating

WEC Energy Group Inc’s filing revealed that its Director PAYNE ULICE JR unloaded Company’s shares for reported $50079.0 on Nov 28. In the deal valued at $83.46 per share,600 shares were sold. As a result of this transaction, PAYNE ULICE JR now holds 20,933 shares worth roughly $1.69 million.

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Then, PAYNE ULICE JR sold 1,500 shares, generating $141,534 in total proceeds. Upon selling the shares at $94.36, the Director now owns 21,503 shares.

BofA Securities downgraded its WEC Energy Group Inc [WEC] rating to an Underperform from a a Neutral in a research note published on , January 04, 2024; the price target was decreased to $78 from $84.

Price Performance Review of WEC

On Tuesday, WEC Energy Group Inc [NYSE:WEC] saw its stock jump 0.39% to $80.76. Over the last five days, the stock has gained 1.27%. WEC Energy Group Inc shares have fallen nearly -4.05% since the year began. Nevertheless, the stocks have fallen -12.95% over the past one year. While a 52-week high of $99.26 was reached on 01/04/24, a 52-week low of $75.47 was recorded on 01/24/24. SMA at 50 days reached $82.97, while 200 days put it at $86.31. A total of 2.17 million shares were traded, compared to the trading of 2.78 million shares in the previous session.

Levels Of Support And Resistance For WEC Stock

The 24-hour chart illustrates a support level at 79.89, which if violated will result in even more drops to 79.02. On the upside, there is a resistance level at 81.43. A further resistance level may holdings at 82.11. The Relative Strength Index (RSI) on the 14-day chart is 43.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.94%. Stochastics %K at 22.39% indicates the stock is a holding.

How much short interest is there in WEC Energy Group Inc?

A steep rise in short interest was recorded in WEC Energy Group Inc stocks on Jan 11, 2024, dropping by 100000.0 shares to a total of 5.16 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2023 was 5.26 million shares. There was a decline of -1.94%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.12% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.29.

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