InvestorsObserver
×
News Home

What is the Market's View on WESCO International, Inc. (WCC) Stock's Price and Volume Trends Friday?

Friday, May 26, 2023 11:13 AM | InvestorsObserver Analysts

Mentioned in this article

What is the Market's View on WESCO International, Inc. (WCC) Stock's Price and Volume Trends Friday?

Overall market sentiment has been high on WESCO International, Inc. (WCC) stock lately. WCC receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
WESCO International, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on WCC!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. 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 WCC Stock Today?

WESCO International, Inc. (WCC) stock is trading at $139.64 as of 11:04 AM on Friday, May 26, a gain of $6.03, or 4.51% from the previous closing price of $133.61. The stock has traded between $135.28 and $139.99 so far today. Volume today is light. So far 228,909 shares have traded compared to average volume of 620,599 shares.

More About WESCO International, Inc.

Wesco International is a value-added industrial distributor that has three reportable segments, electrical and electronic solutions, communications and security solutions, and utility and broadband solutions. The company offers more than 1.5 million products to its 140,000 active customers through a distribution network of 800 branches, warehouses, and sales offices, including 43 distribution centers. Wesco generates 72% of its sales in the United States, but it has a global reach, with operations in 50 other countries. Click Here to get the full Stock Report for WESCO International, Inc. stock.

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App