Recent Insider Activity Suggests Potential Gains for Mueller Water Products Inc (MWA)

In a filing, Mueller Water Products Inc revealed its Director THOMAS LYDIA W unloaded Company’s shares for reported $83156.0 on Jan 19. In the deal valued at $13.95 per share,5,961 shares were sold. As a result of this transaction, THOMAS LYDIA W now holds 128,138 shares worth roughly $1.95 million.

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Then, HANSEN THOMAS J sold 6,044 shares, generating $83,225 in total proceeds. Upon selling the shares at $13.77, the Director now owns 94,525 shares.

Before that, OBRIEN MARK J sold 6,041 shares. Mueller Water Products Inc shares valued at $83,215 were divested by the Director at a price of $13.78 per share. As a result of the transaction, OBRIEN MARK J now holds 134,916 shares, worth roughly $2.05 million.

Northcoast downgraded its Mueller Water Products Inc [MWA] rating to a Neutral from a a Buy in a research note published recently.

Price Performance Review of MWA

On Friday, Mueller Water Products Inc [NYSE:MWA] saw its stock jump 9.65% to $15.23. Over the last five days, the stock has gained 9.49%. Mueller Water Products Inc shares have risen nearly 5.76% since the year began. Nevertheless, the stocks have risen 10.20% over the past one year. While a 52-week high of $16.62 was reached on 02/09/24, a 52-week low of $12.11 was recorded on 02/06/24. SMA at 50 days reached $13.97, while 200 days put it at $13.99. A total of 2.83 million shares were traded, compared to the trading of 0.98 million shares in the previous session.

Levels Of Support And Resistance For MWA Stock

The 24-hour chart illustrates a support level at 14.67, which if violated will result in even more drops to 14.11. On the upside, there is a resistance level at 15.55. A further resistance level may holdings at 15.87. The Relative Strength Index (RSI) on the 14-day chart is 69.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.40%. Stochastics %K at 54.09% indicates the stock is a holding.

How much short interest is there in Mueller Water Products Inc?

A steep rise in short interest was recorded in Mueller Water Products Inc stocks on Jan 31, 2024, dropping by 10000.0 shares to a total of 2.89 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 2.9 million shares. There was a decline of -0.35%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.88% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.9.

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