WEX Inc’s recently made public that its COO, Benefits Deshaies Robert Joseph unloaded Company’s shares for reported $33152.0 on Nov 29 ’24. In the deal valued at $189.44 per share,175 shares were sold. As a result of this transaction, Deshaies Robert Joseph now holds 7,582 shares worth roughly $1.32 million.
Then, Deshaies Robert Joseph bought 175 shares, generating $33,152 in total proceeds.
Before that, Narula Jagtar sold 508 shares. WEX Inc shares valued at $101,600 were divested by the Chief Financial Officer at a price of $200.00 per share. As a result of the transaction, Narula Jagtar now holds 7,120 shares, worth roughly $1.24 million.
Barclays downgraded its WEX Inc [WEX] rating to an Equal weight from a an Overweight in a research note published on December 17, 2024; the price target was decreased to $200 from $207. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in late October from “an Outperform” to “a Peer perform”. Wells Fargo began covering WEX with “an Equal weight” recommendation on June 05, 2024.
Price Performance Review of WEX
On Tuesday, WEX Inc [NYSE:WEX] saw its stock fall -1.96% to $173.79. Over the last five days, the stock has lost -2.88%. WEX Inc shares have fallen nearly -10.67% since the year began. Nevertheless, the stocks have fallen -7.81% over the past one year. While a 52-week high of $244.04 was reached on 04/04/24, a 52-week low of $165.51 was recorded on 08/05/24. SMA at 50 days reached $188.38, while 200 days put it at $197.12.
Levels Of Support And Resistance For WEX Stock
The 24-hour chart illustrates a support level at 172.17, which if violated will result in even more drops to 170.54. On the upside, there is a resistance level at 176.67. A further resistance level may holdings at 179.54. The Relative Strength Index (RSI) on the 14-day chart is 33.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.95%. Stochastics %K at 8.27% indicates the stock is a buying.
How much short interest is there in WEX Inc?
A steep rise in short interest was recorded in WEX Inc stocks on 2024-11-29, dropping by -0.18 million shares to a total of 0.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.86 million shares. There was a decline of -26.8%, which implies that there is a negative sentiment for the stock.
