WEC Energy Group Inc’s recently made public that its Sr. VP-Corp Comm & Inv Rel Straka Mary Beth unloaded 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 sold. As a result of this transaction, Straka Mary Beth now holds 3,662 shares worth roughly $0.36 million.
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Then, MARY BETH STRAKA bought 3,240 shares, generating $301,435 in total proceeds.
Before that, Guc William J sold 6,000 shares. WEC Energy Group Inc shares valued at $557,918 were divested by the Vice President & Controller at a price of $92.99 per share. As a result of the transaction, Guc William J now holds 7,702 shares, worth roughly $0.75 million.
Jefferies initiated its WEC Energy Group Inc [WEC] rating to a Hold in a research note published on September 20, 2024; the price target was $102. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early April with a ‘”a Neutral”‘ rating. JP Morgan also remained covering WEC and has decreased its forecast on February 02, 2024 with a “an Underweight” recommendation from previously “Neutral” rating. BofA Securities revised its rating on January 04, 2024. It rated WEC as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of WEC
On Monday, WEC Energy Group Inc [NYSE:WEC] saw its stock fall -0.20% to $97.00. Over the last five days, the stock has lost -2.44%. WEC Energy Group Inc shares have risen nearly 15.24% since the year began. Nevertheless, the stocks have risen 16.68% over the past one year. While a 52-week high of $100.31 was reached on 10/21/24, a 52-week low of $75.13 was recorded on 02/13/24. SMA at 50 days reached $95.20, while 200 days put it at $84.75.
Levels Of Support And Resistance For WEC Stock
The 24-hour chart illustrates a support level at 96.58, which if violated will result in even more drops to 96.15. On the upside, there is a resistance level at 97.66. A further resistance level may holdings at 98.31. The Relative Strength Index (RSI) on the 14-day chart is 52.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.56%. Stochastics %K at 59.04% indicates the stock is a holding.
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 2024-10-15, dropping by -0.37 million shares to a total of 10.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 10.38 million shares. There was a decline of -3.7%, which implies that there is a negative sentiment for the stock.
