Wesco International, Inc.’s recently made public that its SVP, Corp. Controller & CAO Kulasa Matthew S unloaded Company’s shares for reported $90861.0 on May 24 ’24. In the deal valued at $191.69 per share,474 shares were sold. As a result of this transaction, Kulasa Matthew S now holds 3,555 shares worth roughly $0.56 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, Green Equity Investors VII, L. sold 1,750,000 shares. Wesco International, Inc. shares valued at $302,785,000 were divested by the 10% Owner at a price of $173.02 per share. As a result of the transaction, Green Equity Investors VII, L. now holds 2,134,683 shares, worth roughly $336.85 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 Tuesday, Wesco International, Inc. [NYSE:WCC] saw its stock fall -0.66% to $157.80. Over the last five days, the stock has gained 0.94%. Wesco International, Inc. shares have fallen nearly -9.25% since the year began. Nevertheless, the stocks have risen 3.40% 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 $163.51, while 200 days put it at $164.90.
Levels Of Support And Resistance For WCC Stock
The 24-hour chart illustrates a support level at 156.84, which if violated will result in even more drops to 155.89. On the upside, there is a resistance level at 159.01. A further resistance level may holdings at 160.22. The Relative Strength Index (RSI) on the 14-day chart is 46.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 39.50%. Stochastics%K at 47.41% indicates the stock is a holding.
How much short interest is there in Wesco International, Inc.?
A steep rise in short interest was recorded in Wesco International, Inc. stocks on 2024-07-31, dropping by -0.74 million shares to a total of 1.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 2.47 million shares. There was a decline of -43.08%, which implies that there is a negative sentiment for the stock.
