Mueller Water Products Inc’s recent filing unveils that its Director Van Arsdell Stephen C acquired Company’s shares for reported $0.15 million on Mar 01 ’24. In the deal valued at $15.42 per share,10,000 shares were bought. As a result of this transaction, Van Arsdell Stephen C now holds 80,603 shares worth roughly $1.27 million.
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Then, Takeuchi Kenji sold 6,658 shares, generating $104,013 in total proceeds. Upon selling the shares at $15.62, the SVP Water Management Solutions now owns 34,196 shares.
Before that, Helms Todd P sold 37,000 shares. Mueller Water Products Inc shares valued at $560,606 were divested by the SVP and CHRO at a price of $15.15 per share. As a result of the transaction, Helms Todd P now holds 41,181 shares, worth roughly $0.65 million.
Northcoast downgraded its Mueller Water Products Inc [MWA] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in early May from “a Market perform” to “an Outperform”. Northcoast also remained covering MWA and has increased its forecast on November 21, 2022 with a “Buy” recommendation from previously “Neutral” rating. Deutsche Bank started covering the stock on August 18, 2022. It rated MWA as “a Hold”.
Price Performance Review of MWA
On Tuesday, Mueller Water Products Inc [NYSE:MWA] saw its stock fall -0.13% to $15.78. Over the last five days, the stock has gained 1.94%. Mueller Water Products Inc shares have risen nearly 9.58% since the year began. Nevertheless, the stocks have risen 20.55% over the past one year. While a 52-week high of $16.93 was reached on 02/16/24, a 52-week low of $12.11 was recorded on 02/06/24. SMA at 50 days reached $15.01, while 200 days put it at $14.25. A total of 0.42 million shares were traded, compared to the trading of 0.52 million shares in the previous session.
Levels Of Support And Resistance For MWA Stock
The 24-hour chart illustrates a support level at 15.72, which if violated will result in even more drops to 15.67. On the upside, there is a resistance level at 15.87. A further resistance level may holdings at 15.97. The Relative Strength Index (RSI) on the 14-day chart is 58.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.74%. Stochastics %K at 62.95% 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 Feb 29, 2024, dropping by -0.28 million shares to a total of 2.61 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 2.89 million shares. There was a decline of -10.73%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.70% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.03.
The most recent change occurred on July 15, 2022 when Northcoast began covering the stock and recommended ‘”a Neutral”‘ rating .
