News articles about Houston Wire & Cable (NASDAQ:HWCC) have been trending somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Houston Wire & Cable earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 46.4841679718954 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Can the Rally in Houston Wire & Cable (HWCC) Shares Continue? (zacks.com)
- Head to Head Contrast: Houston Wire & Cable (HWCC) and Anixter (AXE) (americanbankingnews.com)
- Houston Wire & Cable (HWCC) Upgraded by Zacks Investment Research to “Hold” (americanbankingnews.com)
- ValuEngine Upgrades Houston Wire & Cable (HWCC) to Hold (americanbankingnews.com)
- Mega Corporations Risky Now, Explore Smaller-Caps Instead (finance.yahoo.com)
Several research firms have commented on HWCC. ValuEngine lowered Houston Wire & Cable from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Zacks Investment Research lowered Houston Wire & Cable from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, TheStreet raised Houston Wire & Cable from a “d+” rating to a “c-” rating in a research report on Friday, December 22nd. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $8.00.
In related news, Director Roy W. Haley bought 3,796 shares of the stock in a transaction on Monday, March 26th. The shares were bought at an average cost of $7.29 per share, for a total transaction of $27,672.84. Following the purchase, the director now owns 17,500 shares of the company’s stock, valued at approximately $127,575. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Roy W. Haley bought 3,704 shares of the stock in a transaction on Thursday, March 22nd. The stock was bought at an average price of $7.20 per share, for a total transaction of $26,668.80. Following the completion of the purchase, the director now directly owns 13,704 shares in the company, valued at approximately $98,668.80. The disclosure for this purchase can be found here. Company insiders own 3.90% of the company’s stock.
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Houston Wire & Cable Company Profile
Houston Wire & Cable Company is a holding company. The Company is engaged in provision of electrical and mechanical wire and cable, hardware and related services. It operates through sales of wire and cable, hardware and related services segment in the United States market. Its cable management program includes purchasing and storing inventory for product availability.
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