Wesco International Inc. (WCC): Today's Featured Wholesale Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.Wesco International (WCC) pushed the Wholesale industry lower today making it today's featured Wholesale laggard. The industry as a whole closed the day up 0.9%. By the end of trading, Wesco International fell $3.25 (-3.8%) to $81.71 on heavy volume. Throughout the day, 2,482,066 shares of Wesco International exchanged hands as compared to its average daily volume of 426,300 shares. The stock ranged in price between $78.52-$83.99 after having opened the day at $83.00 as compared to the previous trading day's close of $84.96. Other companies within the Wholesale industry that declined today were: InfoSonics Corporation (IFON), down 6.8%, Rada Electronics Industries (RADA), down 5.0%, Armco Metals Holdings (AMCO), down 3.8% and Airgas (ARG), down 3.1%.
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