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Wesco Announces First Quarter 2024 Earnings Call
PRNewswire (Fri, 12-Apr 6:00 AM ET)
Vallen Distribution Announces Key Executive Leadership Positions
PRNewswire (Thu, 11-Apr 9:30 AM ET)
Wesco Finalizes Sale of Integrated Supply Business to Vallen Distribution, Inc.
PRNewswire (Mon, 1-Apr 1:55 PM ET)
Vallen Distribution Completes Acquisition of Wesco Integrated Supply
PRNewswire (Mon, 1-Apr 8:00 AM ET)
Business Wire (Fri, 8-Mar 11:00 AM ET)
Wesco Declares Quarterly Dividend on Common Stock and Preferred Stock
PRNewswire (Thu, 29-Feb 4:45 PM ET)
Wesco Announces Pricing of Private Offering of Senior Notes Due 2029 and Senior Notes Due 2032
PRNewswire (Mon, 26-Feb 8:06 PM ET)
Wesco Announces Commencement of Private Offering of Senior Notes Due 2029 and Senior Notes Due 2032
PRNewswire (Mon, 26-Feb 8:00 AM ET)
VALLEN DISTRIBUTION TO ACQUIRE WESCO INTEGRATED SUPPLY
PRNewswire (Fri, 23-Feb 8:03 AM ET)
Wesco Enters Agreement to Sell Integrated Supply Business to Vallen Distribution, Inc.
PRNewswire (Fri, 23-Feb 8:00 AM ET)
Wesco International is an 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 approximately 74% of its sales in the United States, but it has a global reach, with operations in 50 other countries.
Wesco Intl trades on the NYSE stock market under the symbol WCC.
As of April 19, 2024, WCC stock price declined to $153.31 with 134,952 million shares trading.
WCC has a beta of 2.16, meaning it tends to be more sensitive to market movements. WCC has a correlation of 0.30 to the broad based SPY ETF.
WCC has a market cap of $7.81 billion. This is considered a Mid Cap stock.
Last quarter Wesco Intl reported $5 billion in Revenue and $2.65 earnings per share. This fell short of revenue expectation by $-117 million and missed earnings estimates by -$1.22.
In the last 3 years, WCC stock traded as high as $195.43 and as low as $82.17.
The top ETF exchange traded funds that WCC belongs to (by Net Assets): VTI, VB, IJH, VBR, VXF.
WCC has underperformed the market in the last year with a price return of +8.0% while the SPY ETF gained +21.5%. WCC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -10.6% and -9.9%, respectively, while the SPY returned +4.5% and -3.3%, respectively.
WCC support price is $150.60 and resistance is $156.28 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WCC stock will trade within this expected range on the day.