Wesco International, Inc.’s recent filing unveils that its EVP & CFO Schulz David S. unloaded Company’s shares for reported $0.31 million on Mar 01 ’28. In the deal valued at $167.07 per share,1,867 shares were sold. As a result of this transaction, Schulz David S. now holds 100,703 shares worth roughly $17.4 million.
Then, Cameron James sold 5,352 shares, generating $836,999 in total proceeds. Upon selling the shares at $156.39, the EVP & GM, Util & Broadband now owns 33,595 shares.
Before that, Squires Nelson John III sold 3,490 shares. Wesco International, Inc. shares valued at $663,100 were divested by the EVP & GM, EES at a price of $190.00 per share. As a result of the transaction, Squires Nelson John III now holds 54,385 shares, worth roughly $9.4 million.
RBC Capital Mkts downgraded its Wesco International, Inc. [WCC] rating to a Sector perform from a an Outperform in a research note published on February 13, 2024; the price target was decreased to $173 from $202. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early October from “a Neutral” to “an Overweight”. Robert W. Baird also remained covering WCC and has increased its forecast on May 05, 2023 with a “an Outperform” recommendation from previously “Neutral” rating. Jefferies revised its rating on October 17, 2022. It rated WCC as “a Buy” which previously was an “a Hold”.
Price Performance Review of WCC
On Tuesday, Wesco International, Inc. [NYSE:WCC] saw its stock jump 0.14% to $172.78. Over the last five days, the stock has gained 0.78%. Wesco International, Inc. shares have fallen nearly -0.63% since the year began. Nevertheless, the stocks have risen 29.01% over the past one year. While a 52-week high of $195.43 was reached on 02/12/24, a 52-week low of $121.90 was recorded on 02/13/24. SMA at 50 days reached $163.98, while 200 days put it at $159.69. A total of 0.4 million shares were traded, compared to the trading of 0.74 million shares in the previous session.
Levels Of Support And Resistance For WCC Stock
The 24-hour chart illustrates a support level at 170.50, which if violated will result in even more drops to 168.21. On the upside, there is a resistance level at 174.70. A further resistance level may holdings at 176.61. The Relative Strength Index (RSI) on the 14-day chart is 59.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.49, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 33.85%. Stochastics %K at 67.46% indicates the stock is a holding.
How much short interest is there in Wesco International, Inc.?
A steep rise in short interest was recorded in Wesco International, Inc. stocks on Mar 28, 2024, growing by 0.4 million shares to a total of 1.27 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 0.87 million shares. There was a rise of 31.23%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.90% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.13.
The most recent change occurred on August 03, 2021 when Loop Capital began covering the stock and recommended ‘”a Buy”‘ rating along with a $125 price target.
