Is it Time to Dump WEC Energy Group Inc (WEC) Stock After it Is Up 2.46% in a Week?

WEC Energy Group Inc (WEC) stock is up 2.46% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

WEC Energy Group Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on WEC!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With WEC Stock Today?

WEC Energy Group Inc (WEC) stock is up 1.35% while the S&P 500 has fallen -0.1% as of 2:26 PM on Tuesday, Nov 28. WEC has gained $1.11 from the previous closing price of $82.21 on volume of 1,337,796 shares. Over the past year the S&P 500 is up 14.68% while WEC has fallen -14.58%. WEC earned $4.32 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19.26. To see InvestorsObserver's Sentiment Score for WEC Energy Group Inc click here.

More About WEC Energy Group Inc

WEC Energy Group's electric and gas utility businesses serve electric and gas customers in its Illinois, Michigan, Minnesota, and Wisconsin service territories. The company also owns a 60% stake in American Transmission Co. WEC's asset mix is approximately 47% electric generation and distribution, 36% gas distribution, 12% electric transmission, and 5% unregulated renewable generation. Click Here to get the full Stock Report for WEC Energy Group Inc stock.