Essential Utilities Inc’s filing revealed that its Chief Accounting Officer RUBIN ROBERT A unloaded Company’s shares for reported $0.21 million on Apr 01 ’24. In the deal valued at $37.21 per share,5,565 shares were sold. As a result of this transaction, RUBIN ROBERT A now holds 57,756 shares worth roughly $2.07 million.
Then, RUBIN ROBERT A sold 3,551 shares, generating $127,836 in total proceeds. Upon selling the shares at $36.00, the Chief Accounting Officer now owns 63,321 shares.
Before that, Amato Elizabeth B bought 3,100 shares. Essential Utilities Inc shares valued at $108,559 were divested by the Director at a price of $35.02 per share. As a result of the transaction, Amato Elizabeth B now holds 16,103 shares, worth roughly $0.58 million.
Edward Jones upgraded its Essential Utilities Inc [WTRG] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Northcoast’s analysts, who increased its forecast for the stock in late September from “a Neutral” to “a Buy”. Northcoast also remained covering WTRG and has decreased its forecast on May 18, 2023 with a “Neutral” recommendation from previously “Buy” rating. UBS revised its rating on February 06, 2023. It rated WTRG as “a Buy” which previously was an “a Neutral”.
Price Performance Review of WTRG
On Monday, Essential Utilities Inc [NYSE:WTRG] saw its stock jump 1.30% to $35.90. Over the last five days, the stock has gained 3.88%. Essential Utilities Inc shares have fallen nearly -3.88% since the year began. Nevertheless, the stocks have fallen -17.01% over the past one year. While a 52-week high of $44.05 was reached on 01/11/24, a 52-week low of $32.07 was recorded on 04/16/24. SMA at 50 days reached $35.65, while 200 days put it at $36.50. A total of 1.74 million shares were traded, compared to the trading of 3.28 million shares in the previous session.
Levels Of Support And Resistance For WTRG Stock
The 24-hour chart illustrates a support level at 35.38, which if violated will result in even more drops to 34.86. On the upside, there is a resistance level at 36.27. A further resistance level may holdings at 36.64. The Relative Strength Index (RSI) on the 14-day chart is 52.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.41%. Stochastics %K at 57.36% indicates the stock is a holding.
