Wesco International, Inc.’s recently made public 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 $15.59 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 $8.42 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 fall -3.21% to $154.79. Over the last five days, the stock has lost -10.41%. Wesco International, Inc. shares have fallen nearly -10.98% since the year began. Nevertheless, the stocks have risen 12.64% 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 $162.48, while 200 days put it at $159.44. A total of 0.6 million shares were traded, compared to the trading of 0.67 million shares in the previous session.
Levels Of Support And Resistance For WCC Stock
The 24-hour chart illustrates a support level at 153.38, which if violated will result in even more drops to 151.96. On the upside, there is a resistance level at 157.28. A further resistance level may holdings at 159.76. The Relative Strength Index (RSI) on the 14-day chart is 35.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.53%. Stochastics %K at 3.44% indicates the stock is a buying.
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.
