Watsco (NYSE:WSO.B) Trading Up 8.9% - Here's Why

Key Points

• Watsco, Inc. (NYSE:WSO.B) shares increased by 8.9% on Tuesday, rising from a previous close of $437.48 to a last traded price of $476.59.
• The stock saw a significant trading volume of 116 shares, which is a 205% increase compared to its average session volume of 38 shares.
• Watsco has a market cap of $19.27 billion and operates in the distribution of air conditioning, heating, and refrigeration equipment across North America.

Watsco, Inc. (NYSE:WSO.B - Get Free Report) shares shot up 8.9% during trading on Tuesday . The stock traded as high as $456.27 and last traded at $476.59. 116 shares were traded during trading, an increase of 205% from the average session volume of 38 shares. The stock had previously closed at $437.48.

Watsco Trading Down 0.6%

The company has a fifty day simple moving average of $456.31 and a 200-day simple moving average of $479.18. The company has a market capitalization of $17.62 billion, a PE ratio of 33.35 and a beta of 0.49.

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.