In a filing, Wesco International, Inc revealed its Officer James Cameron acquired Company’s shares for reported $0.95 million on Nov 18 ’24. In the deal valued at $203.78 per share,4,661 shares were bought.
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Then, Geary William Clayton sold 2,829 shares, generating $582,021 in total proceeds. Upon selling the shares at $205.73, the EVP & GM, Comm & Sec Solutions now owns 35,063 shares.
Before that, Schulz David S. sold 14,938 shares. Wesco International, Inc shares valued at $3,085,446 were divested by the EVP & CFO at a price of $206.55 per share. As a result of the transaction, Schulz David S. now holds 104,471 shares, worth roughly $21.25 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 -0.43% to $203.38. Over the last five days, the stock has lost -2.87%. Wesco International, Inc shares have risen nearly 16.97% since the year began. Nevertheless, the stocks have risen 38.42% over the past one year. While a 52-week high of $213.75 was reached on 11/14/24, a 52-week low of $132.37 was recorded on 02/13/24. SMA at 50 days reached $177.85, while 200 days put it at $168.20.
Levels Of Support And Resistance For WCC Stock
The 24-hour chart illustrates a support level at 202.43, which if violated will result in even more drops to 201.49. On the upside, there is a resistance level at 204.72. A further resistance level may holdings at 206.07. The Relative Strength Index (RSI) on the 14-day chart is 62.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.69, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.54%. Stochastics %K at 77.07% 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 2024-10-31, dropping by -0.22 million shares to a total of 0.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.16 million shares. There was a decline of -22.92%, which implies that there is a negative sentiment for the stock.
