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

Key Points

• Watsco, Inc. shares experienced a significant drop, opening at $379.35 after closing at $434.83, indicating market volatility.
• The company has a market capitalization of $15.56 billion and a current PE ratio of 29.42, reflecting its position in the market.
• Watsco distributes air conditioning, heating, and refrigeration equipment across North America, catering to both residential and commercial sectors.

Watsco, Inc. (NYSE:WSO.B - )'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $434.83, but opened at $379.35. Watsco shares last traded at $383.67, with a volume of 410 shares changing hands.

Watsco Stock Performance

The firm has a market capitalization of $15.56 billion, a PE ratio of 29.42 and a beta of 0.47. The stock's 50-day simple moving average is $408.97 and its 200-day simple moving average is $445.46.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.