WEC Energy Group (NYSE:WEC) has risen sharply, recording gains of 4% in the past 4 weeks. However, the stock has corrected -0.03% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.35% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have rallied 37.75% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $66.10 and the one year low was seen on Jul 29, 2015. The 50-Day Moving Average price is $62.30 and the 200 Day Moving Average price is recorded at $58.04.
The stock has recorded a 20-day Moving Average of 2.12% and the 50-Day Moving Average is 6.45%.
WEC Energy Group (NYSE:WEC): stock turned positive on Friday. Though the stock opened at $64.23, the bulls momentum made the stock top out at $65.05 level for the day. The stock recorded a low of $63.52 and closed the trading day at $65.03, in the green by 1.01%. The total traded volume for the day was 2,005,025. The stock had closed at $64.38 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Klappa Gale E, director of Wec Energy Group, Inc., had unloaded 22,000 shares at an average price of $61.53 in a transaction dated on June 3, 2016. The total value of the transaction was worth $1,353,660.
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.