California Water Service Group’s recently made public that its Director Krummel Thomas M unloaded Company’s shares for reported $28804.0 on Jan 03 ’24. In the deal valued at $51.90 per share,555 shares were sold. As a result of this transaction, Krummel Thomas M now holds 26,066 shares worth roughly $1.21 million.
Then, Krummel Thomas M sold 555 shares, generating $29,665 in total proceeds. Upon selling the shares at $53.45, the Director now owns 26,621 shares.
Before that, Mortensen Michelle R sold 675 shares. California Water Service Group shares valued at $35,478 were divested by the Corporate Secretary at a price of $52.56 per share. As a result of the transaction, Mortensen Michelle R now holds 8,983 shares, worth roughly $0.42 million.
UBS upgraded its California Water Service Group [CWT] rating to a Neutral from a a Sell in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in late October from “an Equal weight” to “an Underweight”. Janney also remained covering CWT and has increased its forecast on July 28, 2023 with a “Buy” recommendation from previously “Neutral” rating. Wells Fargo revised its rating on June 28, 2023. It rated CWT as “an Equal weight” which previously was an “an Underweight”.
Price Performance Review of CWT
On Monday, California Water Service Group [NYSE:CWT] saw its stock jump 1.64% to $46.51. Over the last five days, the stock has lost -0.04%. California Water Service Group shares have fallen nearly -10.33% since the year began. Nevertheless, the stocks have fallen -22.22% over the past one year. While a 52-week high of $61.59 was reached on 01/02/24, a 52-week low of $44.76 was recorded on 04/05/24. SMA at 50 days reached $46.23, while 200 days put it at $49.27. A total of 0.62 million shares were traded, compared to the trading of 0.24 million shares in the previous session.
Levels Of Support And Resistance For CWT Stock
The 24-hour chart illustrates a support level at 45.91, which if violated will result in even more drops to 45.30. On the upside, there is a resistance level at 46.96. A further resistance level may holdings at 47.40. The Relative Strength Index (RSI) on the 14-day chart is 51.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.28%. Stochastics %K at 51.83% indicates the stock is a holding.
How much short interest is there in California Water Service Group?
A steep rise in short interest was recorded in California Water Service Group stocks on Mar 15, 2024, growing by 0.32 million shares to a total of 1.16 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.84 million shares. There was a rise of 27.19%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.89% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.35.
