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 $299,937 were sold by Deshaies Robert Joseph on Aug 21 ’24. At $181.67 per share, Deshaies Robert Joseph sold 1,651 shares. The insider’s holdings dropped to 7,757 shares worth approximately $1.46 million following the completion of this transaction.
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Also, Deshaies Robert Joseph purchased 1,651 shares, netting a total of over 299,882 in proceeds.
Before that, Drew Ann Elena had sold 1,182 shares from its account. In a trade valued at $204,167, the Chief Risk and Compliance traded WEX Inc shares for $172.73 each. Upon closing the transaction, the insider’s holdings decreased to 1,182 shares, worth approximately $1.05 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 surge of approximately 0.47%. Over the course of the year, WEX Inc shares have dropped approximately -3.21%. Shares of the company reached a 52-week high of $244.04 on 04/04/24 and a 52-week low of $165.51 on 08/05/24. A 50-day SMA is recorded $180.41, while a 200-day SMA reached $198.94. Nevertheless, trading volume fell to 0.35 million shares from 0.33 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 187.30, which, if violated, would cause prices to drop to 186.28. In the upper region, resistance lies at 189.69. The next price resistance is at 191.06. RSI (Relative Strength Index) is 60.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.56, which suggests the price will increase in the coming days. Percent R is at 26.14%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
