Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Wesco International, Inc shares valued at $1,900,000 were purchased by Squires Nelson John III on Oct 31 ’24. At $190.00 per share, Squires Nelson John III acquired 10,000 shares.
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Also, RAYMUND STEVEN A sold 5,819 shares, netting a total of over 998,325 in proceeds. Following the sale of shares at $171.56 each, the insider now holds 27,004 shares.
Before that, Steven Raymund had added 5,819 shares to its account. In a trade valued at $998,316, the Officer bought Wesco International, Inc shares for $171.56 each.
As published in a research note from Robert W. Baird on October 16, 2024, Wesco International, Inc [WCC] has been rated up from a Neutral to an Outperform and the price target has been revised to $550 from $522. Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in late May. As of February 13, 2024, RBC Capital Mkts has decreased its “an Outperform” rating to a “Sector perform” for WCC. Earlier on October 06, 2023, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” 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 8.18%. Over the course of the year, Wesco International, Inc shares have jumped approximately 10.40%. Shares of the company reached a 52-week high of $195.99 on 10/31/24 and a 52-week low of $132.37 on 02/13/24. A 50-day SMA is recorded $167.59, while a 200-day SMA reached $166.56. Nevertheless, trading volume fell to 1.53 million shares from 1.01 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 184.67, which, if violated, would cause prices to drop to 177.36. In the upper region, resistance lies at 197.63. The next price resistance is at 203.29. RSI (Relative Strength Index) is 71.96 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.20, which suggests the price will increase in the coming days. Percent R is at 16.97%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
