Stick With Wesco International, Inc. (WCC). The Bull Are Alive And Well

Currently, there are 50.76M common shares owned by the public and among those 43.82M shares have been available to trade.

Insiders at the company have transacted a total of 143 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 84 of these insider trades were purchases, accounting for 439,565 shares. Insider sales of the common stock occurred on 59 occasions, with total insider shares sold totaling 404,864 shares.

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However, the script later moved the day high at 158.55, down -31.13%. The company’s stock has a 5-day price change of -28.17% and -6.06% over the past three months. WCC shares are trading -23.75% year to date (YTD), with the 12-month market performance down to -10.88% lower. It has a 12-month low price of $121.90 and touched a high of $195.43 over the same period. WCC has an average intraday trading volume of 14.62 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -25.59%, -23.39%, and -15.47% respectively.

Institutional ownership of Wesco International, Inc. (NYSE: WCC) shares accounts for 80.85% of the company’s 50.76M shares outstanding.

It has a market capitalization of $6.77B and a beta (3y monthly) value of 2.11. The stock’s trailing 12-month PE ratio is 9.79, while the earnings-per-share (ttm) stands at $13.54. The company has a PEG of 0.98 and a Quick Ratio of 1.42 with the debt-to-equity ratio at 1.06. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.61% over the week and 3.29% over the month.

Earnings per share for the fiscal year are expected to increase by 20.51%, and 13.96% over the next financial year. EPS should shrink at an annualized rate of 10.00% over the next five years, compared to 22.96% over the past 5-year period.

Looking at the support for the WCC, a number of firms have released research notes about the stock. RBC Capital Mkts stated their Sector Perform rating for the stock in a research note on Feb-14-24, with the firm’s price target at $202-$173.

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