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. WEC Energy Group Inc shares valued at $301,435 were sold by Straka Mary Beth on Aug 30 ’24. At $93.04 per share, Straka Mary Beth sold 3,240 shares. The insider’s holdings dropped to 3,662 shares worth approximately $0.35 million following the completion of this transaction.
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Also, MARY BETH STRAKA purchased 3,240 shares, netting a total of over 301,435 in proceeds.
Before that, Guc William J had sold 6,000 shares from its account. In a trade valued at $557,918, the Vice President & Controller traded WEC Energy Group Inc shares for $92.99 each. Upon closing the transaction, the insider’s holdings decreased to 6,000 shares, worth approximately $0.74 million.
As published in their initiating research note from Jefferies on September 20, 2024, WEC Energy Group Inc [WEC] has been a Hold and the price target has been revised to $102. Analysts at Goldman started covering the stock with ‘”a Neutral”‘ outlook in a report released in early April. As of February 02, 2024, JP Morgan has decreased its “Neutral” rating to a “an Underweight” for WEC. Earlier on January 04, 2024, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for WEC stock which previously was a “a Neutral”.
Analyzing WEC Stock Performance
During the last five days, there has been a drop of approximately -3.32%. Over the course of the year, WEC Energy Group Inc shares have jumped approximately 13.50%. Shares of the company reached a 52-week high of $100.31 on 10/21/24 and a 52-week low of $75.13 on 02/13/24. A 50-day SMA is recorded $95.49, while a 200-day SMA reached $84.95. Nevertheless, trading volume fell to 3.47 million shares from 2.99 million shares the previous day.
Support And Resistance Levels for WEC Energy Group Inc (WEC)
According to the 24-hour chart, there is a support level at 94.77, which, if violated, would cause prices to drop to 94.02. In the upper region, resistance lies at 96.79. The next price resistance is at 98.06. RSI (Relative Strength Index) is 45.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.14, which suggests the price will decrease in the coming days. Percent R is at 89.51%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
