Wesco International, Inc.’s recent filing unveils 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 $4.79 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 $0.63 million.
Robert W. Baird upgraded its Wesco International, Inc. [WCC] rating to an Outperform from a a Neutral in a research note published on October 16, 2024; the price target was increased to $550 from $522. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in late May from “an Outperform” to “a Neutral”. RBC Capital Mkts also remained covering WCC and has decreased its forecast on February 13, 2024 with a “Sector perform” recommendation from previously “an Outperform” rating. JP Morgan revised its rating on October 06, 2023. It rated WCC as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of WCC
On Monday, Wesco International, Inc. [NYSE:WCC] saw its stock fall -1.38% to $177.54. Over the last five days, the stock has gained 1.19%. Wesco International, Inc. shares have risen nearly 2.10% since the year began. Nevertheless, the stocks have risen 35.87% 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 $164.20, while 200 days put it at $166.25.
Levels Of Support And Resistance For WCC Stock
The 24-hour chart illustrates a support level at 175.87, which if violated will result in even more drops to 174.21. On the upside, there is a resistance level at 180.25. A further resistance level may holdings at 182.97. The Relative Strength Index (RSI) on the 14-day chart is 60.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.26, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.37%. Stochastics %K at 86.43% indicates the stock is a selling.
How much short interest is there in Wesco International, Inc.?
A steep rise in short interest was recorded in Wesco International, Inc. stocks on 2024-09-30, dropping by -0.17 million shares to a total of 1.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.34 million shares. There was a decline of -14.68%, which implies that there is a negative sentiment for the stock.
