Wex’s Stock Down 28% In The Last Month, What Is The Likelihood Of Rise?

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wax stock (NYSE: WEX), is down 28% over the past twenty-one trading days. In comparison, the broader S&P500 index gained 1.1% over the same period. Wex is a provider of payment processing and information management services to the commercial and government vehicle fleet industry of the United States. The stock fell after Q3 2021 earnings, despite the company beating consensus estimates for revenue and earnings. The sell-off could have started as the company’s forecast was slightly lower than its future guidance. Now, is WEX stock poised to rise? Based on our machine learning analysis of stock price trends over the past ten years, WEX stock has a 64% chance of growth in the next month (twenty one trading days). View our analysis Wex stock likely to rise for more information.

Day Five: WEX -4.5%, versus S&P500 -2.3%; underperforming market

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(14% chance of occurrence)

  • stock of wax 4.5% drop Compared to the broader market (S&P500), which fell 2.3%, in the five-day trading period ended 11/26/2021
  • A change of -4.5% or more in five trading days has a 14% chance of occurrence, which has happened 348 times out of 2515 in the past ten years.

Day 10: WEX -12%, versus the S&P500 -1%; underperforming market

(3% chance of occurrence)

  • stock of wax 12% drop In the last ten trading days (two weeks), compared to the broader market (S&P500), which fell 1%
  • A change of -12% or more in ten trading days has a 3% chance of occurrence, which has happened 80 out of 2515 times in the past ten years.

Twenty One Days: WEX -28%, vs. S&P500 1.1%; underperforming market

(1% chance of occurrence)

  • stock of wax fell 28% Over the past twenty one trading days (one month), the broader market (S&P500) is up by 3%
  • A change of -28% or more in twenty-one trading days has a 1% event probability, which has happened 22 out of 2515 times in the past ten years.

While Wex stock may rise higher in the near future, there are many that are a . look like A better bet than WEX stock, Too, Vex Peer Comparison Summarizes how the company performs against peers on key metrics.

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