Watsco (NYSE:WSO.B) Sees Large Volume Increase - Still a Buy?

Key Points

• Watsco, Inc. shares experienced a significant increase in trading volume, rising by 614% to approximately 100 shares, although the stock price fell to $379.16 from a previous close of $434.83.
• The company's market capitalization stands at $15.36 billion, with a PE ratio of 29.06 and a beta of 0.47.
• Watsco distributes a range of air conditioning and heating equipment and related parts across the U.S., Canada, Mexico, and Puerto Rico.

Watsco, Inc. (NYSE:WSO.B - ) shares saw unusually-strong trading volume on Wednesday . Approximately 100 shares traded hands during trading, an increase of 614% from the previous session's volume of 14 shares.The stock last traded at $379.16 and had previously closed at $434.83.

Watsco Stock Down 12.9%

The stock's 50-day moving average is $411.93 and its 200 day moving average is $449.10. The stock has a market capitalization of $15.36 billion, a PE ratio of 29.06 and a beta of 0.47.

Watsco Company Profile

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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