Shares of WESCO International (WCC) Sees Large Inflow of Net Money Flow

WESCO International (WCC) : $7.61 million worth of transactions were on upticks in WESCO International (WCC), compared to $6.88 million on downticks. The ratio between the two was 1.11, whereas, the net money flow stood at a healthy $0.73 million on Tuesdays session.The block trades show a bullish bias with only $0.66 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $0.54million worth of trades. The up-down ratio between the uptick and downtick was 0.82, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $-0.12 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.02%. The stock was trading at $54.05, with a drop of $0.01 over the previous days close. The stock recorded 1.1% for the week.


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 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.

Shares of WESCO International Inc. appreciated by 6.36% during the last five trading days but lost 6.08% on a 4-week basis. WESCO International Inc. is up 0.78% in the last 3-month period. Year-to-Date the stock performance stands at 24.45%.

WESCO International (NYSE:WCC): stock turned positive on Tuesday. Though the stock opened at $54.54, the bulls momentum made the stock top out at $54.82 level for the day. The stock recorded a low of $53.77 and closed the trading day at $54.36, in the green by 0.55%. The total traded volume for the day was 1,030,918. The stock had closed at $54.06 in the previous days trading.

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.

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