WEC Energy Group Inc’s recent filing unveils that its President and CEO Lauber Scott J unloaded Company’s shares for reported $0.68 million on Nov 21 ’24. In the deal valued at $100.89 per share,6,720 shares were sold. As a result of this transaction, Lauber Scott J now holds 45,709 shares worth roughly $4.56 million.
Then, KLAPPA GALE E sold 40,269 shares, generating $4,009,180 in total proceeds. Upon selling the shares at $99.56, the Director now owns 273,248 shares.
Before that, KLAPPA GALE E sold 4,000 shares. WEC Energy Group Inc shares valued at $397,108 were divested by the Director at a price of $99.28 per share. As a result of the transaction, KLAPPA GALE E now holds 273,248 shares, worth roughly $27.23 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 fall -1.38% to $99.66. Over the last five days, the stock has lost -0.99%. WEC Energy Group Inc shares have risen nearly 18.40% since the year began. Nevertheless, the stocks have risen 19.18% over the past one year. While a 52-week high of $102.79 was reached on 11/27/24, a 52-week low of $75.13 was recorded on 02/13/24. SMA at 50 days reached $97.29, while 200 days put it at $86.99.
Levels Of Support And Resistance For WEC Stock
The 24-hour chart illustrates a support level at 99.12, which if violated will result in even more drops to 98.57. On the upside, there is a resistance level at 100.68. A further resistance level may holdings at 101.69. The Relative Strength Index (RSI) on the 14-day chart is 54.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.25, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 45.89%. Stochastics %K at 71.79% 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 2024-11-15, growing by 0.57 million shares to a total of 10.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 10.01 million shares. There was a rise of 5.38%, which implies that there is a positive sentiment for the stock.
