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.
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.
Oppenheimer upgraded its Mueller Water Products Inc [MWA] rating to an Outperform from a a Perform in a research note published recently. A number of analysts have revised their coverage, including Northcoast’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Neutral”. TD Cowen also remained covering MWA and has increased its forecast on May 05, 2023 with a “an Outperform” recommendation from previously “Market perform” rating. Northcoast revised its rating on November 21, 2022. It rated MWA as “a Buy” which previously was an “a Neutral”.
Price Performance Review of MWA
On Monday, Mueller Water Products Inc [NYSE:MWA] saw its stock fall -1.00% to $15.81. Over the last five days, the stock has gained 4.36%. Mueller Water Products Inc shares have risen nearly 9.79% since the year began. Nevertheless, the stocks have risen 16.94% 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 $15.61, while 200 days put it at $14.24. A total of 1.57 million shares were traded, compared to the trading of 2.52 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 15.63. On the upside, there is a resistance level at 15.99. A further resistance level may holdings at 16.17. The Relative Strength Index (RSI) on the 14-day chart is 57.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.08%. Stochastics %K at 83.08% indicates the stock is a selling.
The most recent change occurred on August 18, 2022 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating along with a $12 price target.
