Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Wesco International, Inc shares valued at $57,996 were sold by Kulasa Matthew S on Nov 22 ’24. At $208.62 per share, Kulasa Matthew S sold 278 shares. The insider’s holdings dropped to 3,282 shares worth approximately $0.65 million following the completion of this transaction.
Also, Wolf Christine Ann sold 2,038 shares, netting a total of over 435,025 in proceeds. Following the sale of shares at $213.46 each, the insider now holds 30,320 shares.
Before that, Squires Nelson John III had sold 5,000 shares from its account. In a trade valued at $1,075,000, the EVP & GM, EES traded Wesco International, Inc shares for $215.00 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $8.89 million.
As published in a research note from Robert W. Baird on October 16, 2024, Wesco International, Inc [WCC] has been rated up from a Neutral to an Outperform and the price target has been revised to $550 from $522. Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in late May. As of February 13, 2024, RBC Capital Mkts has decreased its “an Outperform” rating to a “Sector perform” for WCC. Earlier on October 06, 2023, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for WCC stock which previously was a “a Neutral”.
Analyzing WCC Stock Performance
During the last five days, there has been a surge of approximately 5.50%. Over the course of the year, Wesco International, Inc shares have jumped approximately 10.09%. Shares of the company reached a 52-week high of $202.91 on 01/22/25 and a 52-week low of $175.80 on 01/13/25. A 50-day SMA is recorded $195.24, while a 200-day SMA reached $174.77. Nevertheless, trading volume fell to 0.64 million shares from 0.59 million shares the previous day.
Support And Resistance Levels for Wesco International, Inc (WCC)
According to the 24-hour chart, there is a support level at 197.60, which, if violated, would cause prices to drop to 196.00. In the upper region, resistance lies at 201.86. The next price resistance is at 204.52. RSI (Relative Strength Index) is 63.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.80, which suggests the price will increase in the coming days. Percent R is at 13.65%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
