Watsco Inc. (WSO) Moves Higher on Volume Spike for March 12

Equities Staff  |

Watsco Inc. (WSO) traded on unusually high volume on Mar. 12, as the stock gained 3.13% to close at $181.71. On the day, Watsco Inc. saw 540,630 shares trade hands on 6,602 trades. Considering that the stock averages only a daily volume of 244,035 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $182.79 and $134.08 over the last 52-weeks, its 50-day SMA is now $171.52, and its 200-day SMA $158.09. Watsco Inc. has a P/B ratio of 5.22. It also has a P/E ratio of 30.4.

Watsco Inc distributes air conditioning, heating and refrigeration equipment and related parts and supplies in the HVAC/R distribution industry in North America. Watsco has operations in the United States, Canada, Mexico and Puerto Rico.

Headquartered in Miami, FL, Watsco Inc. has 5,200 employees and is currently under the leadership of CEO Albert H. Nahmad.

For a complete fundamental analysis analysis of Watsco Inc., check out Equities.com’s Stock Valuation Analysis report for WSO.

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To get more information on Watsco Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: WSO’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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