Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. WEX Inc shares valued at $495,044 were sold by Tinto Melanie J on Feb 11 ’25. At $152.65 per share, Tinto Melanie J sold 3,243 shares. The insider’s holdings dropped to 5,218 shares worth approximately $0.8 million following the completion of this transaction.
Also, Tinto Melanie J purchased 3,243 shares, netting a total of over 494,933 in proceeds.
Before that, Deshaies Robert Joseph had sold 175 shares from its account. In a trade valued at $33,152, the COO, Benefits traded WEX Inc shares for $189.44 each. Upon closing the transaction, the insider’s holdings decreased to 175 shares, worth approximately $1.17 million.
As published in a research note from William Blair on February 06, 2025, WEX Inc [WEX] has been rated down from an Outperform to a Mkt perform. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early February. As of January 14, 2025, Citigroup has decreased its “Buy” rating to a “Neutral” for WEX. Earlier on December 17, 2024, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for WEX stock which previously was a “an Overweight”.
Analyzing WEX Stock Performance
During the last five days, there has been a drop of approximately -2.23%. Over the course of the year, WEX Inc shares have dropped approximately -12.05%. Shares of the company reached a 52-week high of $188.70 on 01/30/25 and a 52-week low of $146.03 on 02/07/25. A 50-day SMA is recorded $168.99, while a 200-day SMA reached $182.10.
Support And Resistance Levels for WEX Inc (WEX)
According to the 24-hour chart, there is a support level at 152.51, which, if violated, would cause prices to drop to 150.81. In the upper region, resistance lies at 155.62. The next price resistance is at 157.03. RSI (Relative Strength Index) is 39.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.49, which suggests the price will decrease in the coming days. Percent R is at 55.45%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
