WEC Energy Group stock falls for fourth straight day
Updated
Updated · MarketWatch · May 6
WEC Energy Group stock falls for fourth straight day
8 articles · Updated · MarketWatch · May 6
The shares dropped 1.11% to $113.94 on Wednesday, while the S&P 500 rose 1.46% and the Dow gained 1.24% in a broadly positive market.
WEC closed 4.75% below its 52-week high of $119.62 reached on 9 April, but still outperformed utility peers including Duke Energy, Exelon and Sempra, which fell more sharply.
Trading volume reached 2.0 million shares, above the 50-day average of 1.9 million, indicating heavier activity as the stock extended its recent losing streak.
With insiders selling amidst an AI boom, is WEC's stock signaling a hidden risk for investors?
Can WEC's multi-billion dollar bet on AI power demand succeed without a major community and environmental backlash?
As data centers drive record utility profits, are residents about to face unprecedented electricity bill hikes?