Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Wesco International, Inc shares valued at $1,025,000 were purchased by Squires Nelson John III on Nov 06 ’24. At $205.00 per share, Squires Nelson John III acquired 5,000 shares.
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
Also, Squires Nelson John III sold 10,000 shares, netting a total of over 1,900,000 in proceeds. Following the sale of shares at $190.00 each, the insider now holds 54,621 shares.
Before that, Squires Nelson John III had added 10,000 shares to its account. In a trade valued at $1,900,000, the Officer bought Wesco International, Inc shares for $190.00 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 8.22%. Over the course of the year, Wesco International, Inc shares have jumped approximately 19.48%. Shares of the company reached a 52-week high of $213.41 on 11/07/24 and a 52-week low of $132.37 on 02/13/24. A 50-day SMA is recorded $170.85, while a 200-day SMA reached $167.13. Nevertheless, trading volume fell to 0.8 million shares from 2.72 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 205.82, which, if violated, would cause prices to drop to 203.90. In the upper region, resistance lies at 211.54. The next price resistance is at 215.34. RSI (Relative Strength Index) is 71.53 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 17.79, which suggests the price will increase in the coming days. Percent R is at 14.11%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
