WEC Energy Group Inc’s recent filing unveils that its Officer MARY BETH STRAKA acquired Company’s shares for reported $0.3 million on Aug 30 ’24. In the deal valued at $93.04 per share,3,240 shares were bought.
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Then, Guc William J sold 6,000 shares, generating $557,918 in total proceeds. Upon selling the shares at $92.99, the Vice President & Controller now owns 7,702 shares.
Before that, WILLIAM GUC bought 6,000 shares. WEC Energy Group Inc shares valued at $557,918 were divested by the Officer at a price of $92.99 per share.
Goldman initiated its WEC Energy Group Inc [WEC] rating to a Neutral in a research note published on April 10, 2024; the price target was $88. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early February from “a Neutral” to “an Underweight”. BofA Securities also remained covering WEC and has decreased its forecast on January 04, 2024 with a “an Underperform” recommendation from previously “Neutral” rating. BofA Securities revised its rating on October 17, 2023. It rated WEC as “a Neutral” which previously was an “a Buy”.
Price Performance Review of WEC
On Friday, WEC Energy Group Inc [NYSE:WEC] saw its stock jump 0.28% to $93.03. Over the last five days, the stock has gained 0.40%. WEC Energy Group Inc shares have risen nearly 10.53% since the year began. Nevertheless, the stocks have risen 9.15% over the past one year. While a 52-week high of $93.78 was reached on 08/28/24, a 52-week low of $75.13 was recorded on 02/13/24. SMA at 50 days reached $84.88, while 200 days put it at $82.29.
Levels Of Support And Resistance For WEC Stock
The 24-hour chart illustrates a support level at 92.70, which if violated will result in even more drops to 92.38. On the upside, there is a resistance level at 93.35. A further resistance level may holdings at 93.68. The Relative Strength Index (RSI) on the 14-day chart is 74.71, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.42, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.29%. Stochastics %K at 85.32% indicates the stock is a selling.
How much short interest is there in WEC Energy Group Inc?
A steep rise in short interest was recorded in WEC Energy Group Inc stocks on 2024-08-15, growing by 2.62 million shares to a total of 9.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 7.32 million shares. There was a rise of 26.32%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 27, 2023 when RBC Capital Mkts began covering the stock and recommended ‘”a Sector perform”‘ rating along with a $95 price target.
