Watsco (NYSE:WSO.B) Shares Gap Down - What's Next?

Key Points

• Watsco, Inc. shares gapped down significantly, opening at $402.56 after a previous close of $434.83, marking a decline of 6.5%.
• The company's market capitalization stands at $16.48 billion, with a low beta of 0.50, indicating relative stability in comparison to the broader market.
• Watsco specializes in distributing air conditioning, heating, and refrigeration equipment across the United States, Canada, Mexico, and Puerto Rico.

Watsco, Inc. (NYSE:WSO.B - ) gapped down before the market opened on Tuesday . The stock had previously closed at $434.83, but opened at $402.56. Watsco shares last traded at $405.43, with a volume of 100 shares changing hands.

Watsco Stock Down 6.5%

The company has a 50-day moving average price of $436.90 and a 200 day moving average price of $463.27. The firm has a market cap of $16.48 billion, a price-to-earnings ratio of 31.17 and a beta of 0.50.

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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