WEC Energy Group (WEC) Shares are Down -4.91%

WEC Energy Group (WEC) : During the past 4 weeks, traders have been relatively bearish on WEC Energy Group (WEC), hence the stock is down -0.59% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.06% relative to the S&P 500. The 4-week change in the price of the stock is -1.12% and the stock has fallen -4.91% in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.93% and the 50-Day Moving Average is 3.08%.The 200 Day SMA reached 2.58%


WEC Energy Group (NYSE:WEC): The stock opened in the green at $60.5 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $60.87 and a low of $59.54 for the day. The stock did not find buyers even at the lows and closed at $59.88 recording a loss of -0.83%. 2,245,345 shares exchanged hands during the trading day. The stock had closed at $59.88 in the previous days trading.

WEC Energy Group (WEC) : The highest level WEC Energy Group (WEC) is projected to reach is $68 for the short term and the lowest estimate is at $56. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $62.2 and the possibility the share price can swing is $5.02.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.