Watsco (NYSE:WSO.B) Shares Gap Down - Here's What Happened

Watsco, Inc. (NYSE:WSO.B - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $366.13, but opened at $351.50. Watsco shares last traded at $337.6450, with a volume of 9 shares changing hands. Watsco Trading Down 7.5%The firm has a market cap of $13.74 billion, a PE ratio of 26.46 and a beta of 0.47. The company has a 50-day simple moving average of $377.79 and a 200 day simple moving average of $422.01.Watsco Company Profile (Get Free Report)Watsco, Inc, together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment; and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. It offers residential ducted and ductless air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.Read MoreFive stocks we like better than WatscoWhat is a penny stock? A comprehensive guide3 Reasons Baidu Could Be the Dark Horse of Global AIHow to Short Nasdaq: An Easy-to-Follow GuideBetting on the Backbone: 3 AI Infrastructure Stocks How to Invest in Insurance Companies: A Guide Are These 3 Under-the-Radar AI Stocks the Next Big Growth Stories?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Watsco Right Now?Before you consider Watsco, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Watsco wasn't on the list.While Watsco currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here