Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Wesco International, Inc. shares valued at $998,325 were sold by RAYMUND STEVEN A on Sep 26 ’24. At $171.56 per share, RAYMUND STEVEN A sold 5,819 shares. The insider’s holdings dropped to 27,004 shares worth approximately $4.52 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Steven Raymund purchased 5,819 shares, netting a total of over 998,316 in proceeds.
Before that, Kulasa Matthew S had sold 474 shares from its account. In a trade valued at $90,861, the SVP, Corp. Controller & CAO traded Wesco International, Inc. shares for $191.69 each. Upon closing the transaction, the insider’s holdings decreased to 474 shares, worth approximately $0.6 million.
As published in a research note from Robert W. Baird on May 29, 2024, Wesco International, Inc. [WCC] has been rated down from an Outperform to a Neutral and the price target has been revised to $195 from $200. Analysts at RBC Capital Mkts downgraded the stock from ‘”an Outperform”‘ to ‘”a Sector perform”‘ outlook in a report released in mid February. As of October 06, 2023, JP Morgan has increased its “Neutral” rating to a “an Overweight” for WCC. Earlier on May 05, 2023, Robert W. Baird upgraded its rating. Their new recommendation was “an Outperform” for WCC stock which previously was a “a Neutral”.
Analyzing WCC Stock Performance
During the last five days, there has been a surge of approximately 2.60%. Over the course of the year, Wesco International, Inc. shares have dropped approximately -3.69%. Shares of the company reached a 52-week high of $195.43 on 02/12/24 and a 52-week low of $132.37 on 02/13/24. A 50-day SMA is recorded $161.49, while a 200-day SMA reached $166.40. Nevertheless, trading volume fell to 0.79 million shares from 0.6 million shares the previous day.
Support And Resistance Levels for Wesco International, Inc. (WCC)
According to the 24-hour chart, there is a support level at 165.36, which, if violated, would cause prices to drop to 163.25. In the upper region, resistance lies at 168.93. The next price resistance is at 170.39. RSI (Relative Strength Index) is 54.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.07, which suggests the price will decrease in the coming days. Percent R is at 49.32%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
