Badger Meter Inc.’s recently made public that its VP-Gen. Counsel and Secretary BERGUM WILLIAM R A unloaded Company’s shares for reported $0.22 million on Mar 06 ’24. In the deal valued at $162.92 per share,1,339 shares were sold. As a result of this transaction, BERGUM WILLIAM R A now holds 13,263 shares worth roughly $2.47 million.
Then, Begale Fred J sold 1,203 shares, generating $195,993 in total proceeds. Upon selling the shares at $162.92, the VP-Engineering now owns 2,181 shares.
Before that, Begale Fred J sold 208 shares. Badger Meter Inc. shares valued at $33,186 were divested by the VP-Engineering at a price of $159.55 per share. As a result of the transaction, Begale Fred J now holds 2,566 shares, worth roughly $0.48 million.
Maxim Group reiterated its Badger Meter Inc. [BMI] rating to a Buy in a research note published on April 19, 2024; the price target was $207. A number of analysts have revised their coverage, including Northcoast’s analysts, who increased its forecast for the stock in mid April from “a Sell” to “a Neutral”. Northcoast also remained covering BMI and has decreased its forecast on September 29, 2023 with a “Sell” recommendation from previously “Neutral” rating. Deutsche Bank started covering the stock on June 29, 2023. It rated BMI as “a Hold”.
Price Performance Review of BMI
On Tuesday, Badger Meter Inc. [NYSE:BMI] saw its stock jump 2.90% to $186.40. Over the last five days, the stock has gained 20.97%. Badger Meter Inc. shares have risen nearly 20.75% since the year began. Nevertheless, the stocks have risen 37.42% over the past one year. While a 52-week high of $182.80 was reached on 04/23/24, a 52-week low of $128.93 was recorded on 02/06/24. SMA at 50 days reached $158.91, while 200 days put it at $153.39. A total of 0.23 million shares were traded, compared to the trading of 0.3 million shares in the previous session.
Levels Of Support And Resistance For BMI Stock
The 24-hour chart illustrates a support level at 183.25, which if violated will result in even more drops to 180.11. On the upside, there is a resistance level at 188.16. A further resistance level may holdings at 189.93. The Relative Strength Index (RSI) on the 14-day chart is 77.92, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 18.94, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.07%. Stochastics %K at 93.18% indicates the stock is a selling.
The most recent change occurred on July 15, 2022 when Northcoast began covering the stock and recommended ‘”a Neutral”‘ rating .
