Wesco International, Inc’s recent filing unveils that its SVP, Corp. Controller & CAO Kulasa Matthew S unloaded Company’s shares for reported $57996.0 on Nov 22 ’24. In the deal valued at $208.62 per share,278 shares were sold. As a result of this transaction, Kulasa Matthew S now holds 3,282 shares worth roughly $0.61 million.
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Then, Wolf Christine Ann sold 2,038 shares, generating $435,025 in total proceeds. Upon selling the shares at $213.46, the EVP & CHRO now owns 30,320 shares.
Before that, Squires Nelson John III sold 5,000 shares. Wesco International, Inc shares valued at $1,075,000 were divested by the EVP & GM, EES at a price of $215.00 per share. As a result of the transaction, Squires Nelson John III now holds 44,621 shares, worth roughly $8.31 million.
Robert W. Baird upgraded its Wesco International, Inc [WCC] rating to an Outperform from a a Neutral in a research note published on October 16, 2024; the price target was increased to $550 from $522. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in late May from “an Outperform” to “a Neutral”. RBC Capital Mkts also remained covering WCC and has decreased its forecast on February 13, 2024 with a “Sector perform” recommendation from previously “an Outperform” rating. JP Morgan revised its rating on October 06, 2023. It rated WCC as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of WCC
On Tuesday, Wesco International, Inc [NYSE:WCC] saw its stock fall -1.80% to $186.13. Over the last five days, the stock has lost -5.83%. Wesco International, Inc shares have risen nearly 7.05% since the year began. Nevertheless, the stocks have risen 6.42% over the past one year. While a 52-week high of $216.17 was reached on 11/25/24, a 52-week low of $132.37 was recorded on 02/13/24. SMA at 50 days reached $193.31, while 200 days put it at $172.75.
Levels Of Support And Resistance For WCC Stock
The 24-hour chart illustrates a support level at 183.77, which if violated will result in even more drops to 181.40. On the upside, there is a resistance level at 189.25. A further resistance level may holdings at 192.36. The Relative Strength Index (RSI) on the 14-day chart is 32.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -13.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.47%. Stochastics %K at 5.30% indicates the stock is a buying.
How much short interest is there in Wesco International, Inc?
A steep rise in short interest was recorded in Wesco International, Inc stocks on 2024-11-29, growing by 0.29 million shares to a total of 1.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.95 million shares. There was a rise of 23.44%, which implies that there is a positive sentiment for the stock.
