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Monitoring Wesco International, Inc. (WCC) after recent insider movements

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 $17.71 million.

Then, Green Equity Investors VII, L. sold 1,750,000 shares, generating $302,785,000 in total proceeds. Upon selling the shares at $173.02, the 10% Owner now owns 2,134,683 shares.

Before that, Cameron James sold 5,352 shares. Wesco International, Inc. shares valued at $836,999 were divested by the EVP & GM, Util & Broadband at a price of $156.39 per share. As a result of the transaction, Cameron James now holds 33,595 shares, worth roughly $5.91 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 Friday, Wesco International, Inc. [NYSE:WCC] saw its stock jump 0.36% to $175.88. Over the last five days, the stock has gained 4.88%. Wesco International, Inc. shares have risen nearly 1.15% since the year began. Nevertheless, the stocks have risen 36.39% over the past one year. While a 52-week high of $195.43 was reached on 02/12/24, a 52-week low of $122.30 was recorded on 02/13/24. SMA at 50 days reached $163.73, while 200 days put it at $158.20. A total of 0.56 million shares were traded, compared to the trading of 0.99 million shares in the previous session.

Levels Of Support And Resistance For WCC Stock

The 24-hour chart illustrates a support level at 174.52, which if violated will result in even more drops to 173.17. On the upside, there is a resistance level at 176.85. A further resistance level may holdings at 177.83. The Relative Strength Index (RSI) on the 14-day chart is 62.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.07, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.48%. Stochastics %K at 80.32% indicates the stock is a selling.

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.

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