Wesco International, Inc.’s filing revealed that its Director RAYMUND STEVEN A unloaded Company’s shares for reported $1.0 million on Sep 26 ’24. In the deal valued at $171.56 per share,5,819 shares were sold. As a result of this transaction, RAYMUND STEVEN A now holds 27,004 shares worth roughly $4.43 million.
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Then, Steven Raymund bought 5,819 shares, generating $998,316 in total proceeds.
Before that, Kulasa Matthew S sold 474 shares. Wesco International, Inc. shares valued at $90,861 were divested by the SVP, Corp. Controller & CAO at a price of $191.69 per share. As a result of the transaction, Kulasa Matthew S now holds 3,555 shares, worth roughly $0.58 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 Monday, Wesco International, Inc. [NYSE:WCC] saw its stock fall -0.42% to $164.11. Over the last five days, the stock has lost -2.30%. Wesco International, Inc. shares have fallen nearly -5.62% since the year began. Nevertheless, the stocks have risen 17.36% 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 $161.30, while 200 days put it at $166.24.
Levels Of Support And Resistance For WCC Stock
The 24-hour chart illustrates a support level at 162.58, which if violated will result in even more drops to 161.05. On the upside, there is a resistance level at 165.42. A further resistance level may holdings at 166.73. The Relative Strength Index (RSI) on the 14-day chart is 49.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.29%. Stochastics %K at 13.89% indicates the stock is a buying.
How much short interest is there in Wesco International, Inc.?
A steep rise in short interest was recorded in Wesco International, Inc. stocks on 2024-09-13, growing by 0.7 million shares to a total of 2.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.31 million shares. There was a rise of 34.73%, which implies that there is a positive sentiment for the stock.
