WEC Energy Group Inc’s recent filing unveils that its Officer ANTHONY REESE acquired Company’s shares for reported $0.36 million on Nov 18 ’24. In the deal valued at $97.97 per share,3,684 shares were bought.
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Then, GALE KLAPPA bought 1,805 shares, generating $179,421 in total proceeds.
Before that, Straka Mary Beth sold 3,240 shares. WEC Energy Group Inc shares valued at $301,435 were divested by the Sr. VP-Corp Comm & Inv Rel at a price of $93.04 per share. As a result of the transaction, Straka Mary Beth now holds 3,662 shares, worth roughly $0.36 million.
Jefferies initiated its WEC Energy Group Inc [WEC] rating to a Hold in a research note published on September 20, 2024; the price target was $102. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early April with a ‘”a Neutral”‘ rating. JP Morgan also remained covering WEC and has decreased its forecast on February 02, 2024 with a “an Underweight” recommendation from previously “Neutral” rating. BofA Securities revised its rating on January 04, 2024. It rated WEC as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of WEC
On Monday, WEC Energy Group Inc [NYSE:WEC] saw its stock jump 1.33% to $99.28. Over the last five days, the stock has gained 0.59%. WEC Energy Group Inc shares have risen nearly 17.95% since the year began. Nevertheless, the stocks have risen 20.53% over the past one year. While a 52-week high of $100.31 was reached on 10/21/24, a 52-week low of $75.13 was recorded on 02/13/24. SMA at 50 days reached $96.33, while 200 days put it at $85.96.
Levels Of Support And Resistance For WEC Stock
The 24-hour chart illustrates a support level at 98.20, which if violated will result in even more drops to 97.13. On the upside, there is a resistance level at 99.88. A further resistance level may holdings at 100.49. The Relative Strength Index (RSI) on the 14-day chart is 59.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.47%. Stochastics %K at 71.43% indicates the stock is a holding.
How much short interest is there in WEC Energy Group Inc?
A steep rise in short interest was recorded in WEC Energy Group Inc stocks on 2024-10-31, growing by 0.65 million shares to a total of 10.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 9.39 million shares. There was a rise of 6.48%, which implies that there is a positive sentiment for the stock.
