WEX traded at $140.50 this Monday May 11th, decreasing $1.14 or 0.80 percent since the previous trading session. Looking back, over the last four weeks, WEX lost 15.33 percent. Over the last 12 months, its price rose by 3.93 percent. Looking ahead, we forecast WEX to be priced at 138.71 by the end of this quarter and at 130.27 in one year, according to Trading Economics global macro models projections and analysts expectations.
WEX Inc. is a financial technology service provider. The Company operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment provides customers with payment and transaction processing services specifically designed for the needs of commercial and government fleets. This segment also provides information management services to these fleet customers. The Travel and Corporate Solutions segment focuses on the complex payment environment of business-to-business (B2B) payments, providing customers with payment processing solutions for their corporate payment and transaction monitoring needs. The Health and Employee Benefit Solutions segment provides healthcare payment products and software as a service (SaaS) consumer-directed platform. The Company's subsidiaries include WEX Bank, Noventis, Inc. (Noventis), WEX FleetOne, and Electronic Funds Source, LLC (EFS).