The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. The York Water Company shares valued at $1,000 were purchased by Rasmussen Steven R on Jun 21. At $38.63 per share, Rasmussen Steven R acquired 26 shares. The insider’s holdings grew to 3,103 shares worth approximately $0.12 million following the completion of this transaction.
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Also, Hand Joseph Thomas purchased 243 shares, netting a total of over 9,987 in proceeds. Following the buying of shares at $41.10 each, the insider now holds 24,252 shares.
Before that, KAIN GEORGE HAY III ESQ had sold 243 shares from its account. In a trade valued at $9,987, the Director traded The York Water Company shares for $41.10 each. Upon closing the transaction, the insider’s holdings decreased to 243 shares, worth approximately $0.32 million.
As published in a research note from Janney on May 09, 2019, The York Water Company [YORW] has been rated up from a Neutral to a Buy and the price target has been revised to $37 from $36. This represents a -5.38% premium over Wednesday’s closing price. Analysts at Janney downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid March. As of January 18, 2019, Janney has initiated its “Buy” rating for YORW. Earlier on March 08, 2018, Hilliard Lyons upgraded its rating. Their new recommendation was “a Neutral” for YORW stock which previously was a “an Underperform”.
Analyzing YORW’s Price Performance
On Wednesday, The York Water Company [NASDAQ: YORW] rose 1.25% to $38.99. The stock’s lowest price that day was $38.09, but it reached a high of $39.27 in the same session. During the last five days, there has been a surge of approximately 1.64%. Over the course of the year, The York Water Company shares have dropped approximately -21.68%. Shares of the company reached a 52-week high of $49.77 on 01/03/22 and a 52-week low of $37.52 on 06/14/22. A 50-day SMA is recorded $40.18, while a 200-day SMA reached $44.61. Nevertheless, trading volume fell to 42589.0 shares from 76000.0 shares the previous day.
Support And Resistance Levels for The York Water Company (YORW)
According to the 24-hour chart, there is a support level at 38.30, which, if violated, would cause prices to drop to 37.60. In the upper region, resistance lies at 39.48. The next price resistance is at 39.96. RSI (Relative Strength Index) is 42.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.20, which suggests the price will decrease in the coming days. Percent R is at 66.05%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is The York Water Company subject to short interest?
Stocks of The York Water Company saw a sharp steep in short interest on Apr 28, 2022 dropping by 2230.0 shares to 0.18 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 0.18 million shares. A decline of -1.25% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.91 of the overall float, the days-to-cover ratio (short ratio) decline to 2.91.
Which companies own the most shares of The York Water Company (YORW)?
According to BlackRock Fund Advisors filings, the company currently owns 900,744 shares, which is about 6.32% of the total YORW shares outstanding. The investor’s shares have plunged by -11,278 from its previous 13-F filing of 912022.0 shares. With the completion of the sale, The Vanguard Group, Inc.’s stake is now worth $32,328,138. Dimensional Fund Advisors LP reduced a -0.48% interest valued at $15.59 million while SSgA Funds Management, Inc. purchased a 24,834 stake. A total of 4,976 shares of The York Water Company were bought by Geode Capital Management LLC during the quarter, and 24,200 were bought by Renaissance Technologies LLC. In its current portfolio, BlackRock Advisors holds 157,984 shares valued at $6.47 million.
In terms of The York Water Company share price expectations, FactSet research, analysts set an average price target of $55.00 in the next 12 months, up nearly 42.82% from the previous closing price of $38.51. Analysts anticipate The York Water Company stock to reach $55.00 by 2022, with the lowest price target being $55.00. In spite of this, 1 analysts ranked The York Water Company stock as a Buy at the end of 2022.