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

Key Points

• Watsco shares gapped down significantly, opening at $402.56 after closing the previous day at $434.83, indicating a notable market reaction.
• The stock has a market cap of $17.19 billion and a PE ratio of 32.51, which suggests it may be viewed as a growth stock.
• Watsco, Inc. specializes in the distribution of HVAC equipment in North America, covering residential and commercial markets.

Watsco, Inc. (NYSE:WSO.B - ) shares 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 $423.87, with a volume of 100 shares.

Watsco Stock Performance

The business has a 50 day moving average price of $417.21 and a two-hundred day moving average price of $453.61. The stock has a market cap of $17.19 billion, a PE ratio of 32.51 and a beta of 0.47.

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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