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 $5,386,387 were sold by KLAPPA GALE E on Mar 03 ’25. At $107.73 per share, KLAPPA GALE E sold 50,000 shares. The insider’s holdings dropped to 274,955 shares worth approximately $28.8 million following the completion of this transaction.
Also, KLAPPA GALE E sold 25,000 shares, netting a total of over 2,715,617 in proceeds. Following the sale of shares at $108.62 each, the insider now holds 274,955 shares.
Before that, GALE KLAPPA had added 25,000 shares to its account. In a trade valued at $2,715,618, the Officer bought WEC Energy Group Inc shares for $108.62 each.
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 0.26%. Over the course of the year, WEC Energy Group Inc shares have jumped approximately 11.38%. Shares of the company reached a 52-week high of $110.19 on 03/10/25 and a 52-week low of $91.94 on 01/07/25. A 50-day SMA is recorded $100.46, while a 200-day SMA reached $93.02.
Support And Resistance Levels for WEC Energy Group Inc (WEC)
According to the 24-hour chart, there is a support level at 104.30, which, if violated, would cause prices to drop to 103.86. In the upper region, resistance lies at 105.37. The next price resistance is at 106.00. RSI (Relative Strength Index) is 52.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.69, which suggests the price will decrease in the coming days. Percent R is at 77.64%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
