WEC Energy Group (WEC) has been under a strong bear grip, hence the stock is down -3.1% 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 0.97% in the past 1 week. The stock has risen by 1.47% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.23% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.95% and the 50-Day Moving Average is 3.62%.The 200 Day SMA reached 5.96%. WEC Energy Group, Inc. has dropped 0.11% during the last 3-month period . Year-to-Date the stock performance stands at 21%.
WEC Energy Group (NYSE:WEC): After opening at $59.74, the stock dipped to an intraday low of $59.69 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $60.61 and the buying power remained strong till the end. The stock closed at $60.56 for the day, a gain of 1.24% for the day session. The total traded volume was 1,639,388. The stocks close on the previous trading day was $59.82.
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.