WESCO International (NYSE:WCC) has been under a strong bear grip, hence the stock is down -9.1% 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 0.25% in the past 1 week. The stock has risen by 1.54% in the past week indicating that the buyers are active at lower levels, but the stock is down -7.64% in the past 4 weeks.
The company shares have dropped -21.30% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $68.66 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $56.14 and the 200 Day Moving Average price is recorded at $50.21.
The stock has recorded a 20-day Moving Average of 2.1% and the 50-Day Moving Average is 4.99%.
WESCO International (NYSE:WCC): stock turned positive on Friday. Though the stock opened at $51.75, the bulls momentum made the stock top out at $53.57 level for the day. The stock recorded a low of $51.75 and closed the trading day at $53.46, in the green by 4.76%. The total traded volume for the day was 813,021. The stock had closed at $51.03 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Wesco International Inc, Obrien James J /Ky had purchased shares worth of $59,721 in a transaction dated on February 2, 2016. A total of 1,540 shares were purchased at a price of $38.78 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
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.