Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mueller Water Products Inc shares valued at $154,200 were purchased by Van Arsdell Stephen C on Mar 01 ’24. At $15.42 per share, Van Arsdell Stephen C acquired 10,000 shares. The insider’s holdings grew to 80,603 shares worth approximately $1.29 million following the completion of this transaction.
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Also, Takeuchi Kenji sold 6,658 shares, netting a total of over 104,013 in proceeds. Following the sale of shares at $15.62 each, the insider now holds 34,196 shares.
Before that, Helms Todd P had sold 37,000 shares from its account. In a trade valued at $560,606, the SVP and CHRO traded Mueller Water Products Inc shares for $15.15 each. Upon closing the transaction, the insider’s holdings decreased to 37,000 shares, worth approximately $0.66 million.
As published in a research note from Northcoast on August 04, 2023, Mueller Water Products Inc [MWA] has been rated down from a Buy to a Neutral. Analysts at TD Cowen upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in early May. As of November 21, 2022, Northcoast has increased its “Neutral” rating to a “Buy” for MWA. Earlier on August 18, 2022, Deutsche Bank initiated its rating. Their recommendation was “a Hold” for MWA stock.
Analyzing MWA Stock Performance
During the last five days, there has been a surge of approximately 3.62%. Over the course of the year, Mueller Water Products Inc shares have jumped approximately 11.39%. Shares of the company reached a 52-week high of $16.93 on 02/16/24 and a 52-week low of $13.49 on 02/06/24. A 50-day SMA is recorded $14.89, while a 200-day SMA reached $14.24. Nevertheless, trading volume fell to 0.94 million shares from 0.72 million shares the previous day.
Support And Resistance Levels for Mueller Water Products Inc (MWA)
According to the 24-hour chart, there is a support level at 15.84, which, if violated, would cause prices to drop to 15.65. In the upper region, resistance lies at 16.15. The next price resistance is at 16.27. RSI (Relative Strength Index) is 66.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.15, which suggests the price will decrease in the coming days. Percent R is at 3.77%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Mueller Water Products Inc subject to short interest?
Stocks of Mueller Water Products Inc saw a sharp steep in short interest on Feb 29, 2024 dropping by -0.28 million shares to 2.61 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 2.89 million shares. A decline of -10.73% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.03 of the overall float, the days-to-cover ratio (short ratio) decline to 2.03.
