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

Key Points

• Watsco, Inc. shares experienced a 69% increase in trading volume, with 100 shares traded compared to 59 shares in the previous session.
• The stock price has dropped 6.5%, closing at $406.75 from a previous close of $434.83.
• Watsco, Inc. has a market capitalization of $16.49 billion and operates as a distributor of air conditioning and heating equipment across North America.

Shares of Watsco, Inc. (NYSE:WSO.B - Get Free Report) saw an uptick in trading volume on Wednesday . 100 shares were traded during trading, an increase of 69% from the previous session's volume of 59 shares.The stock last traded at $406.75 and had previously closed at $434.83.

Watsco Stock Performance

The stock has a market cap of $16.22 billion, a P/E ratio of 30.67 and a beta of 0.50. The stock has a 50-day moving average price of $431.65 and a 200-day moving average price of $460.93.

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.