Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. WEC Energy Group Inc shares valued at $677,998 were sold by Lauber Scott J on Nov 21 ’24. At $100.89 per share, Lauber Scott J sold 6,720 shares. The insider’s holdings dropped to 45,709 shares worth approximately $4.65 million following the completion of this transaction.
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Also, KLAPPA GALE E sold 40,269 shares, netting a total of over 4,009,180 in proceeds. Following the sale of shares at $99.56 each, the insider now holds 273,248 shares.
Before that, KLAPPA GALE E had sold 4,000 shares from its account. In a trade valued at $397,108, the Director traded WEC Energy Group Inc shares for $99.28 each. Upon closing the transaction, the insider’s holdings decreased to 4,000 shares, worth approximately $27.82 million.
As published in their initiating research note from Jefferies on September 20, 2024, WEC Energy Group Inc [WEC] has been a Hold and the price target has been revised to $102. Analysts at Goldman started covering the stock with ‘”a Neutral”‘ outlook in a report released in early April. As of February 02, 2024, JP Morgan has decreased its “Neutral” rating to a “an Underweight” for WEC. Earlier on January 04, 2024, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for WEC stock which previously was a “a Neutral”.
Analyzing WEC Stock Performance
During the last five days, there has been a surge of approximately 2.57%. Over the course of the year, WEC Energy Group Inc shares have jumped approximately 20.97%. Shares of the company reached a 52-week high of $102.79 on 11/27/24 and a 52-week low of $75.13 on 02/13/24. A 50-day SMA is recorded $97.05, while a 200-day SMA reached $86.76. Nevertheless, trading volume fell to 1.31 million shares from 1.2 million shares the previous day.
Support And Resistance Levels for WEC Energy Group Inc (WEC)
According to the 24-hour chart, there is a support level at 101.34, which, if violated, would cause prices to drop to 100.87. In the upper region, resistance lies at 102.54. The next price resistance is at 103.27. RSI (Relative Strength Index) is 67.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.30, which suggests the price will increase in the coming days. Percent R is at 13.22%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
