27-Mar-2024
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WEX to Present at 45th Annual Raymond James Institutional Investors Conference
Business Wire (Fri, 1-Mar 12:20 PM ET)
WEX Board of Directors Authorizes Increased Share Repurchase Program
Business Wire (Thu, 15-Feb 9:00 AM ET)
WEX to Present at KBW's 2024 Fintech & Payments Conference
Business Wire (Wed, 14-Feb 8:00 AM ET)
WEX Inc. Reports Fourth Quarter and Full Year 2023 Financial Results
Business Wire (Thu, 8-Feb 6:30 AM ET)
WEX Inc. to Release Fourth Quarter and Full Year 2023 Financial Results on February 8, 2024
Business Wire (Thu, 25-Jan 8:00 AM ET)
WEX Inc is a provider of corporate payment solutions. The company operates three business segments: Mobility, Benefits, and Corporate Payments. Mobility segment, the largest segment by revenue, provides fleet vehicle payment solutions, transaction processing, and information management services for commercial and government fleets. The Corporate Payments segment offers business-to-business payment processing and transaction monitoring services. The Benefits segment generates revenue from healthcare payment products and its consumer-directed software platform. Wex's largest end market is the United States of America.
Wex trades on the NYSE stock market under the symbol WEX.
As of March 27, 2024, WEX stock price declined to $233.88 with 210,645 million shares trading.
WEX has a beta of 1.29, meaning it tends to be more sensitive to market movements. WEX has a correlation of 0.31 to the broad based SPY ETF.
WEX has a market cap of $9.76 billion. This is considered a Mid Cap stock.
Last quarter Wex reported $663 million in Revenue and $3.82 earnings per share. This beat revenue expectation by $10 million and exceeded earnings estimates by $.12.
In the last 3 years, WEX stock traded as high as $239.18 and as low as $123.01.
The top ETF exchange traded funds that WEX belongs to (by Net Assets): IJH, VTI, VB, VXF, VBK.
WEX has outperformed the market in the last year with a return of +35.4%, while the SPY ETF gained +33.6%. In the last 3 month period, WEX beat the market returning +19.1%, while SPY returned +10.1%. However, in the most recent 2 weeks WEX has underperformed the stock market by returning +0.2%, while SPY returned +1.7%.
WEX support price is $233.72 and resistance is $239.10 (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 WEX stock will trade within this expected range on the day.