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Checking in on Wesco International, Inc. (WCC) after recent insiders movement

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 $15.96 million.

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Then, Wolf Christine Ann sold 4,486 shares, generating $852,919 in total proceeds. Upon selling the shares at $190.13, the EVP & CHRO now owns 30,304 shares.

Before that, Kulasa Matthew S sold 474 shares. Wesco International, Inc. shares valued at $90,861 were divested by the SVP, Corp. Controller & CAO at a price of $191.69 per share. As a result of the transaction, Kulasa Matthew S now holds 3,555 shares, worth roughly $0.56 million.

Robert W. Baird downgraded its Wesco International, Inc. [WCC] rating to a Neutral from a an Outperform in a research note published on May 29, 2024; the price target was decreased to $195 from $200. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in mid February from “an Outperform” to “a Sector perform”. JP Morgan also remained covering WCC and has increased its forecast on October 06, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. Robert W. Baird revised its rating on May 05, 2023. It rated WCC as “an Outperform” which previously was an “a Neutral”.

Price Performance Review of WCC

On Friday, Wesco International, Inc. [NYSE:WCC] saw its stock jump 0.14% to $158.52. Over the last five days, the stock has lost -3.45%. Wesco International, Inc. shares have fallen nearly -8.83% since the year began. Nevertheless, the stocks have fallen -10.04% 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 $171.09, while 200 days put it at $160.93. A total of 1.06 million shares were traded, compared to the trading of 0.51 million shares in the previous session.

Levels Of Support And Resistance For WCC Stock

The 24-hour chart illustrates a support level at 156.66, which if violated will result in even more drops to 154.80. On the upside, there is a resistance level at 161.12. A further resistance level may holdings at 163.72. The Relative Strength Index (RSI) on the 14-day chart is 33.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.43%. Stochastics%K at 5.81% indicates the stock is a buying.

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