Watsco (NYSE:WSO.B) Sees Large Volume Increase - Here's What Happened

Key Points

• Watsco, Inc. experienced a dramatic trading volume surge of 1,008% on Wednesday, with approximately 410 shares changing hands compared to just 37 shares in the previous session.
• The stock's latest trading price was $376.30, significantly lower than its previous closing price of $434.83, suggesting recent volatility.
• Watsco, with a market cap of $14.98 billion, specializes in distributing heating, ventilation, and air conditioning (HVAC) equipment across North America.

Watsco, Inc. (NYSE:WSO.B - ) saw unusually-strong trading volume on Wednesday . Approximately 410 shares traded hands during trading, an increase of 1,008% from the previous session's volume of 37 shares.The stock last traded at $376.30 and had previously closed at $434.83.

Watsco Stock Performance

The stock has a market cap of $14.98 billion, a PE ratio of 28.33 and a beta of 0.47. The company's 50-day moving average price is $407.97 and its 200 day moving average price is $445.02.

About Watsco

Watsco, Inc, together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment; and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. It offers residential ducted and ductless air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.

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