EVP and General Counsel Diane Lazzaris sold nearly 10,000 shares totaling $3.6M as WCC stock trades near 52-week highs.
Diane Lazzaris, the company's Executive Vice President and General Counsel, executed three sales totaling nearly 10,000 shares on the same day, reducing her holdings by a combined 37 percent. The sales occurred as WCC's stock trades near its 52-week highs and following a sharp recent rally. Lazzaris has an established track record as a seller in this stock — this is her third sale in roughly three months. However, her prior exits show conflicting timing: in the short term (one month after each sale), the stock declined, suggesting good near-term execution, but over longer horizons (three months) the stock rebounded and gained, indicating poorly-timed exits overall. The company remains profitable and growing, but the combination of the EVP selling significant stakes during a recent rally, paired with her mixed historical record on exit timing, suggests caution worth examining further as an investor evaluates conviction at current valuations.