In a filing, WEC Energy Group Inc revealed 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 $4.29 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 $25.63 million.
Barclays upgraded its WEC Energy Group Inc [WEC] rating to an Equal weight from a an Underweight in a research note published on January 02, 2025; the price target was increased to $93 from $89. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid December from “an Underperform” to “a Neutral”. Jefferies began covering WEC with “Hold” recommendation on September 20, 2024. Goldman started covering the stock on April 10, 2024. It rated WEC as “a Neutral”.
Price Performance Review of WEC
On Friday, WEC Energy Group Inc [NYSE:WEC] saw its stock fall -0.21% to $93.79. Over the last five days, the stock has lost -1.14%. WEC Energy Group Inc shares have fallen nearly -0.27% since the year began. Nevertheless, the stocks have risen 8.29% over the past one year. While a 52-week high of $102.79 was reached on 01/02/25, a 52-week low of $75.13 was recorded on 01/03/25. SMA at 50 days reached $96.93, while 200 days put it at $88.72.
Levels Of Support And Resistance For WEC Stock
The 24-hour chart illustrates a support level at 93.44, which if violated will result in even more drops to 93.10. On the upside, there is a resistance level at 94.39. A further resistance level may holdings at 95.00. The Relative Strength Index (RSI) on the 14-day chart is 35.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.93%. Stochastics %K at 32.71% 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 2024-12-13, dropping by -0.9 million shares to a total of 9.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 10.58 million shares. There was a decline of -9.32%, which implies that there is a negative sentiment for the stock.
