The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. WEX Inc shares valued at $400,286 were sold by Deshaies Robert Joseph on May 02 ’24. At $211.01 per share, Deshaies Robert Joseph sold 1,897 shares. The insider’s holdings dropped to 9,408 shares worth approximately $1.64 million following the completion of this transaction.
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Also, Kimball Jennifer sold 1,200 shares, netting a total of over 253,860 in proceeds. Following the sale of shares at $211.55 each, the insider now holds 1,909 shares.
Before that, Carriedo Carlos had sold 683 shares from its account. In a trade valued at $144,789, the COO, International traded WEX Inc shares for $211.99 each. Upon closing the transaction, the insider’s holdings decreased to 683 shares, worth approximately $0.12 million.
As published in their initiating research note from Wells Fargo on June 05, 2024, WEX Inc [WEX] has been an Equal weight and the price target has been revised to $200. As of October 17, 2023, Wolfe Research has increased its “Peer perform” rating to a “an Outperform” for WEX. Earlier on July 07, 2023, Deutsche Bank initiated its rating. Their recommendation was “a Hold” for WEX stock.
Analyzing WEX Stock Performance
During the last five days, there has been a drop of approximately -0.16%. Over the course of the year, WEX Inc shares have dropped approximately -10.56%. Shares of the company reached a 52-week high of $244.04 on 04/04/24 and a 52-week low of $165.83 on 06/17/24. A 50-day SMA is recorded $192.03, while a 200-day SMA reached $199.50. Nevertheless, trading volume fell to 0.26 million shares from 0.5 million shares the previous day.
Support And Resistance Levels for WEX Inc (WEX)
According to the 24-hour chart, there is a support level at 175.49, which, if violated, would cause prices to drop to 174.28. In the upper region, resistance lies at 178.88. The next price resistance is at 181.07. RSI (Relative Strength Index) is 38.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.16, which suggests the price will increase in the coming days. Percent R is at 22.50%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.
