WESCO International (WCC) : Traders are bullish on WESCO International (WCC) as it has outperformed the S&P 500 by a wide margin of 2.43% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.29%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.23% in the last 1 week, and is up 5.87% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 4.21% and the 50-Day Moving Average is 0.34%. WESCO International Inc. has dropped 5.19% during the last 3-month period . Year-to-Date the stock performance stands at 27.61%.
WESCO International (NYSE:WCC): On Fridays trading session , Opening price of the stock was $57.45 with an intraday high of $57.99. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $55.57. However, the stock managed to close at $55.74, a loss of 3.63% for the day. On the previous day, the stock had closed at $57.84. The total traded volume of the day was 1,148,862 shares.
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.