The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Wesco International, Inc shares valued at $949,781 were sold by Cameron James on Nov 18 ’24. At $203.77 per share, Cameron James sold 4,661 shares. The insider’s holdings dropped to 35,524 shares worth approximately $7.37 million following the completion of this transaction.
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Also, James Cameron purchased 4,661 shares, netting a total of over 949,800 in proceeds.
Before that, Geary William Clayton had sold 2,829 shares from its account. In a trade valued at $582,021, the EVP & GM, Comm & Sec Solutions traded Wesco International, Inc shares for $205.73 each. Upon closing the transaction, the insider’s holdings decreased to 2,829 shares, worth approximately $7.27 million.
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 drop of approximately -0.23%. Over the course of the year, Wesco International, Inc shares have jumped approximately 19.28%. Shares of the company reached a 52-week high of $213.75 on 11/14/24 and a 52-week low of $132.37 on 02/13/24. A 50-day SMA is recorded $180.86, while a 200-day SMA reached $168.50. Nevertheless, trading volume fell to 0.59 million shares from 0.62 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 202.29, which, if violated, would cause prices to drop to 197.16. In the upper region, resistance lies at 211.05. The next price resistance is at 214.68. RSI (Relative Strength Index) is 63.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.13, which suggests the price will increase in the coming days. Percent R is at 20.31%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
