What Happened?
Shares of payment solutions provider WEX (NYSE:WEX) fell 3.5% in the afternoon session after an analyst at UBS lowered the price target on the company's shares. The firm adjusted its price target to $172 from $185 but kept its rating at Neutral, signaling a more cautious view on the stock's near-term performance. This move came even as WEX reported third-quarter financial results that beat expectations. The company posted earnings per share of $4.59 on revenue of $691.8 million, surpassing forecasts. However, the positive results were overshadowed by concerns about ongoing challenges in the trucking sector, which impacted the company's Mobility segment and contributed to mixed investor sentiment.
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What Is The Market Telling Us
WEX’s shares are somewhat volatile and have had 12 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
WEX is down 16.6% since the beginning of the year, and at $146 per share, it is trading 23.1% below its 52-week high of $189.80 from November 2024. Investors who bought $1,000 worth of WEX’s shares 5 years ago would now be looking at an investment worth $1,141.
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Why WEX (WEX) Stock Is Trading Lower Today
Published 1 week ago
Oct 31, 2025 at 7:22 PM
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