WESCO International (WCC) : Traders are bullish on WESCO International (WCC) as it has outperformed the S&P 500 by a wide margin of 10.01% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.54%, 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 3.51% in the last 1 week, and is up 10.43% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
WESCO International Inc. is up 6.22% in the last 3-month period. Year-to-Date the stock performance stands at 35.21%. The stock has recorded a 20-day Moving Average of 5.11% and the 50-Day Moving Average is 7.17%.
WESCO International (NYSE:WCC): The stock opened at $58.21 on Friday but the bulls could not build on the opening and the stock topped out at $59.33 for the day. The stock traded down to $58.05 during the day, due to lack of any buying support eventually closed down at $59.06 with a loss of -0.12% for the day. The stock had closed at $59.13 on the previous day. The total traded volume was 713,840 shares.
Also, Standpoint Research downgrades its rating on WESCO International (NYSE:WCC). Analysts at the Standpoint Research have a current rating of Hold on the shares. The shares were previously rated Buy. The rating by the firm was issued on April 22, 2016.
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.