Shares of WEC Energy Group (WEC) Drops by -1.65%

WEC Energy Group (WEC) has risen sharply, recording gains of 1.04% in the past 4 weeks. However, the stock has corrected -1.65% in the past 1 week, providing a good buying opportunity on dips. WEC Energy Group (WEC) : During the past 4 weeks, traders have been relatively bearish on WEC Energy Group (WEC), hence the stock is down -3.19% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.09% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 0.24% and the 50-Day Moving Average is 3.58%.

WEC Energy Group (NYSE:WEC): The stock opened at $64.05 on Friday but the bulls could not build on the opening and the stock topped out at $64.36 for the day. The stock traded down to $63.64 during the day, due to lack of any buying support eventually closed down at $63.96 with a loss of -0.05% for the day. The stock had closed at $63.99 on the previous day. The total traded volume was 1,787,005 shares.


The company Insiders own 0.81% of WEC Energy Group shares according to the proxy statements. Institutional Investors own 70.11% of WEC Energy Group shares. During last six month period, the net percent change held by insiders has seen a change of -10.14%. In a related news,The director of Wec Energy Group, Inc., Klappa Gale E sold 22,000 shares at $61.53 on June 3, 2016. The Insider selling transaction had a total value worth of $1,353,660. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

WEC Energy Group,Inc., formerly Wisconsin Energy Corporation is a holding company. The Company operates through two segments: utility energy segment and non-utility energy segment. Its utility energy segment consists of Wisconsin Electric and Wisconsin Gas, operating together under the trade name of We Energies. Its non-utility energy segment consists of We Power, which owns and leases to Wisconsin Electric generation plants constructed as part of its Power the Future (PTF) strategy. Its other non-utility operations consist of the operations of its subsidiaries, Wispark LLC and Bostco LLC. Its principal utilities include Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities and Minnesota Energy Resources, among others. Its primary subsidiaries are Wisconsin Electric Power Company (Wisconsin Electric), Wisconsin Gas LLC (Wisconsin Gas), W.E. Power, LLC (We Power), Integrys Energy Group, Inc. and Integrys Holding, Inc., among others.

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