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Stock impact report

WEX (WEX) Slid on Competitive Pressure [Yahoo! Finance]

WEX Inc. common stock (WEX) 
NASDAQ:AMEX Investor Relations: wexinc.com/payment-solutions/virtual-payments
Company Research Source: Yahoo! Finance
Janus Henderson Enterprise Fund highlighted stocks like WEX Inc. (NYSE: WEX ), in the second quarter 2024 investor letter. WEX Inc. (NYSE:WEX) is a US-based commerce platform operator that offers payment processing and information management solutions. The one-month return of WEX Inc. (NYSE:WEX) was 9.46%, and its shares gained 11.96% of their value over the last 52 weeks. On September 27, 2024, WEX Inc. (NYSE:WEX) stock closed at $209.10 per share with a market capitalization of $8.591 billion. Janus Henderson Enterprise Fund stated the following regarding WEX Inc. (NYSE:WEX) in its Q2 2024 investor letter: "WEX Inc. (NYSE:WEX) was a relative detractor after outperforming in the first quarter. WEX issues credit cards that help manage fleet fuel costs. It also owns a cloud-based software platform that supports digital payments for health savings accounts and travel bookings. The stock declined on concerns over competitive pressures for this payments business, especially after WEX Show less Read more
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