WEX Inc’s recently made public that its Chief People Officer Tinto Melanie J unloaded Company’s shares for reported $0.5 million on Feb 11 ’25. In the deal valued at $152.65 per share,3,243 shares were sold. As a result of this transaction, Tinto Melanie J now holds 5,218 shares worth roughly $ 0.83 million.
Then, Tinto Melanie J bought 3,243 shares, generating $494,933 in total proceeds.
Before that, Deshaies Robert Joseph sold 175 shares. WEX Inc shares valued at $33,152 were divested by the COO, Benefits at a price of $189.44 per share. As a result of the transaction, Deshaies Robert Joseph now holds 7,582 shares, worth roughly $1.21 million.
William Blair downgraded its WEX Inc [WEX] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Neutral”. Citigroup also remained covering WEX and has decreased its forecast on January 14, 2025 with a “Neutral” recommendation from previously “Buy” rating. Barclays revised its rating on December 17, 2024. It rated WEX as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of WEX
On Tuesday, WEX Inc [NYSE:WEX] saw its stock jump 3.03% to $159.37. Over the last five days, the stock has gained 3.29%. WEX Inc shares have fallen nearly -9.10% since the year began. Nevertheless, the stocks have fallen -26.14% over the past one year. While a 52-week high of $244.04 was reached on 01/30/25, a 52-week low of $146.03 was recorded on 02/07/25. SMA at 50 days reached $174.51, while 200 days put it at $185.29.
Levels Of Support And Resistance For WEX Stock
The 24-hour chart illustrates a support level at 156.15, which if violated will result in even more drops to 152.94. On the upside, there is a resistance level at 161.00. A further resistance level may holdings at 162.64. The Relative Strength Index (RSI) on the 14-day chart is 39.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.74%. Stochastics %K at 23.95% indicates the stock is a holding.
