Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Badger Meter Inc. shares valued at $218,150 were sold by BERGUM WILLIAM R A on Mar 06 ’24. At $162.92 per share, BERGUM WILLIAM R A sold 1,339 shares. The insider’s holdings dropped to 13,263 shares worth approximately $2.37 million following the completion of this transaction.
Also, Begale Fred J sold 1,203 shares, netting a total of over 195,993 in proceeds. Following the sale of shares at $162.92 each, the insider now holds 2,181 shares.
Before that, Begale Fred J had sold 208 shares from its account. In a trade valued at $33,186, the VP-Engineering traded Badger Meter Inc. shares for $159.55 each. Upon closing the transaction, the insider’s holdings decreased to 208 shares, worth approximately $0.46 million.
As published in a research note from Northcoast on April 18, 2024, Badger Meter Inc. [BMI] has been rated up from a Sell to a Neutral. Analysts at Northcoast downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in late September. As of June 29, 2023, Deutsche Bank has initiated its “Hold” rating for BMI. Earlier on July 15, 2022, Northcoast initiated its rating. Their recommendation was “a Neutral” for BMI stock.
Analyzing BMI Stock Performance
During the last five days, there has been a surge of approximately 15.72%. Over the course of the year, Badger Meter Inc. shares have jumped approximately 15.62%. Shares of the company reached a 52-week high of $179.51 on 04/18/24 and a 52-week low of $139.50 on 02/06/24. A 50-day SMA is recorded $156.81, while a 200-day SMA reached $152.78. Nevertheless, trading volume fell to 0.7 million shares from 0.13 million shares the previous day.
Support And Resistance Levels for Badger Meter Inc. (BMI)
According to the 24-hour chart, there is a support level at 168.79, which, if violated, would cause prices to drop to 159.10. In the upper region, resistance lies at 183.84. The next price resistance is at 189.20. RSI (Relative Strength Index) is 75.34 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.35, which suggests the price will increase in the coming days. Percent R is at 3.63%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
