In a filing, Wesco International, Inc revealed its EVP & GM, EES Squires Nelson John III unloaded Company’s shares for reported $1.9 million on Oct 31 ’24. In the deal valued at $190.00 per share,10,000 shares were sold. As a result of this transaction, Squires Nelson John III now holds 54,621 shares worth roughly $10.08 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Squires Nelson John III bought 10,000 shares, generating $1,900,000 in total proceeds.
Before that, RAYMUND STEVEN A sold 5,819 shares. Wesco International, Inc shares valued at $998,325 were divested by the Director at a price of $171.56 per share. As a result of the transaction, RAYMUND STEVEN A now holds 27,004 shares, worth roughly $4.99 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 -1.89% to $184.61. Over the last five days, the stock has gained 2.88%. Wesco International, Inc shares have risen nearly 6.17% since the year began. Nevertheless, the stocks have risen 35.77% over the past one year. While a 52-week high of $195.99 was reached on 10/31/24, a 52-week low of $131.38 was recorded on 02/13/24. SMA at 50 days reached $168.54, while 200 days put it at $166.69.
Levels Of Support And Resistance For WCC Stock
The 24-hour chart illustrates a support level at 182.43, which if violated will result in even more drops to 180.24. On the upside, there is a resistance level at 188.90. A further resistance level may holdings at 193.18. The Relative Strength Index (RSI) on the 14-day chart is 60.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.14, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 50.13%. Stochastics %K at 66.63% indicates the stock is a holding.
How much short interest is there in Wesco International, Inc?
A steep rise in short interest was recorded in Wesco International, Inc stocks on 2024-10-15, dropping by -0.92 million shares to a total of 1.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.01 million shares. There was a decline of -84.86%, which implies that there is a negative sentiment for the stock.
