WEX Inc’s recently made public that its COO, Americas Deshaies Robert Joseph unloaded Company’s shares for reported $0.4 million on May 02 ’24. In the deal valued at $211.01 per share,1,897 shares were sold. As a result of this transaction, Deshaies Robert Joseph now holds 9,408 shares worth roughly $1.99 million.
Then, Kimball Jennifer sold 1,200 shares, generating $253,860 in total proceeds. Upon selling the shares at $211.55, the Chief Accounting Officer now owns 1,909 shares.
Before that, Carriedo Carlos sold 683 shares. WEX Inc shares valued at $144,789 were divested by the COO, International at a price of $211.99 per share. As a result of the transaction, Carriedo Carlos now holds 683 shares, worth roughly $0.14 million.
A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in mid October from “a Peer perform” to “an Outperform”. Deutsche Bank began covering WEX with “Hold” recommendation on July 07, 2023.
Price Performance Review of WEX
On Tuesday, WEX Inc [NYSE:WEX] saw its stock jump 1.08% to $211.66. Over the last five days, the stock has gained 0.19%. WEX Inc shares have risen nearly 8.79% since the year began. Nevertheless, the stocks have risen 20.53% over the past one year. While a 52-week high of $244.04 was reached on 04/04/24, a 52-week low of $161.95 was recorded on 01/03/24. SMA at 50 days reached $228.97, while 200 days put it at $201.05. A total of 0.43 million shares were traded, compared to the trading of 0.44 million shares in the previous session.
Levels Of Support And Resistance For WEX Stock
The 24-hour chart illustrates a support level at 209.74, which if violated will result in even more drops to 207.83. On the upside, there is a resistance level at 212.97. A further resistance level may holdings at 214.29. The Relative Strength Index (RSI) on the 14-day chart is 33.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.64%. Stochastics %K at 6.94% indicates the stock is a buying.
The most recent change occurred on April 05, 2022 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $205 price target.
