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 $1.28 million following the completion of this transaction.
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 $0.65 million.
As published in a research note from Oppenheimer on April 18, 2024, Mueller Water Products Inc [MWA] has been rated up from a Perform to an Outperform and the price target has been revised to $19. Analysts at Northcoast downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of May 05, 2023, TD Cowen has increased its “Market perform” rating to a “an Outperform” for MWA. Earlier on November 21, 2022, Northcoast upgraded its rating. Their new recommendation was “a Buy” for MWA stock which previously was a “a Neutral”.
Analyzing MWA Stock Performance
During the last five days, there has been a surge of approximately 4.61%. Over the course of the year, Mueller Water Products Inc shares have jumped approximately 10.35%. 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 $15.52, while a 200-day SMA reached $14.24. Nevertheless, trading volume fell to 2.03 million shares from 1.94 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 15.63, which, if violated, would cause prices to drop to 15.37. In the upper region, resistance lies at 16.13. The next price resistance is at 16.37. RSI (Relative Strength Index) is 60.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.10, which suggests the price will decrease in the coming days. Percent R is at 16.92%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
