WESCO International Inc (NYSE: WCC). Extremely significant negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, and negative upside/downside volume developed.
Significant negative changes in WESCO International Inc (NYSE: WCC) fundamentals have recently occurred: the stock’s power rating fell below 50, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, WCC is expected to continue to be an important Value Builder.
WESCO International has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. WESCO International has a good Appreciation Score of 81 but a neutral Power Rating of 46, triggering the Positive Value Trend Rating.
Recent Price Action
WESCO International Inc (NYSE: WCC) stock declined by -3.4% on 8/2/24. The shares closed at $153.42. Moreover, this decline was accompanied by unusually high trading volume at 172% of normal. The stock has performed in line with the market over the last nine months and has declined -8.6% during the last week.
Be the first to comment