Shares of WESCO International (WCC) Rally 2.81%

WESCO International (WCC) has been under a strong bear grip, hence the stock is down -7.08% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.29% in the past 1 week. The stock has risen by 2.81% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.02% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 2.16% and the 50-Day Moving Average is 1.59%.

WESCO International (NYSE:WCC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.69 and $54.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $55.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $54.96, notching a gain of 0.83% for the day. The total traded volume was 1,321,869 . The stock had closed at $54.51 on the previous day.


The company Insiders own 3% of WESCO International shares according to the proxy statements. During last six month period, the net percent change held by insiders has seen a change of 15400%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Wesco International Inc, Obrien James J /Ky, had purchased 1,540 shares in a transaction dated on February 2, 2016. The transaction was executed at $38.78 per share with total amount equaling $59,721.

WESCO International, Inc. (WESCO International) is a distributor of products and provider of supply chain management and logistics services used in industrial, construction, utility and commercial, institutional and government (CIG) markets. The Company is a provider of electrical, industrial and communications maintenance, repair and operating (MRO) and original equipment manufacturers (OEM) products, construction materials and advanced supply chain management and logistics services. The Companys product categories include general electrical and industrial supplies, wire, cable and conduit, data and broadband communications, power distribution equipment, lighting and lighting control systems, control and automation, motors, and safety. It offers a portfolio of value-added capabilities, which includes supply chain management, logistics and transportation, procurement, warehousing and inventory management, as well as kitting, limited assembly of products and system installation.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.