Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. WEC Energy Group Inc shares valued at $119,791 were sold by PAYNE ULICE JR on Feb 24 ’25. At $104.17 per share, PAYNE ULICE JR sold 1,150 shares. The insider’s holdings dropped to 21,951 shares worth approximately $2.32 million following the completion of this transaction.
Also, Ulice Payne Jr. purchased 1,150 shares, netting a total of over 119,683 in proceeds.
Before that, Lauber Scott J had sold 6,720 shares from its account. In a trade valued at $677,998, the President and CEO traded WEC Energy Group Inc shares for $100.89 each. Upon closing the transaction, the insider’s holdings decreased to 6,720 shares, worth approximately $4.83 million.
As published in a research note from Barclays on January 02, 2025, WEC Energy Group Inc [WEC] has been rated up from an Underweight to an Equal weight and the price target has been revised to $93 from $89. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid December. As of September 20, 2024, Jefferies has initiated its “Hold” rating for WEC. Earlier on April 10, 2024, Goldman initiated its rating. Their recommendation was “a Neutral” for WEC stock.
Analyzing WEC Stock Performance
During the last five days, there has been a surge of approximately 2.06%. Over the course of the year, WEC Energy Group Inc shares have jumped approximately 12.41%. Shares of the company reached a 52-week high of $106.75 on 02/25/25 and a 52-week low of $91.94 on 01/07/25. A 50-day SMA is recorded $98.18, while a 200-day SMA reached $91.96. Nevertheless, trading volume fell to 1.86 million shares from 3.51 million shares the previous day.
Support And Resistance Levels for WEC Energy Group Inc (WEC)
According to the 24-hour chart, there is a support level at 105.15, which, if violated, would cause prices to drop to 104.58. In the upper region, resistance lies at 106.20. The next price resistance is at 106.68. RSI (Relative Strength Index) is 69.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.18, which suggests the price will increase in the coming days. Percent R is at 15.16%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
