In a filing, Waters Corp. revealed its Director BADDOUR LINDA unloaded Company’s shares for reported $0.18 million on Mar 13 ’24. In the deal valued at $355.54 per share,500 shares were sold. As a result of this transaction, BADDOUR LINDA now holds 2,250 shares worth roughly $0.7 million.
Then, KUEBLER CHRISTOPHER A sold 4,000 shares, generating $1,165,920 in total proceeds. Upon selling the shares at $291.48, the Director now owns 14,382 shares.
Barclays downgraded its Waters Corp. [WAT] rating to an Underweight from a an Equal weight in a research note published on November 13, 2023; the price target was decreased to $230 from $270. A number of analysts have revised their coverage, including Bernstein’s analysts, who began to cover the stock in late September with a ‘”a Mkt perform”‘ rating. Evercore ISI also remained covering WAT and has decreased its forecast on July 31, 2023 with a “an In-line” recommendation from previously “an Outperform” rating. Barclays revised its rating on July 31, 2023. It rated WAT as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of WAT
On Tuesday, Waters Corp. [NYSE:WAT] saw its stock jump 4.70% to $313.30. Over the last five days, the stock has lost -0.13%. Waters Corp. shares have fallen nearly -4.84% since the year began. Nevertheless, the stocks have risen 2.09% over the past one year. While a 52-week high of $363.80 was reached on 03/08/24, a 52-week low of $231.90 was recorded on 04/18/24. SMA at 50 days reached $334.74, while 200 days put it at $296.60. A total of 0.56 million shares were traded, compared to the trading of 0.36 million shares in the previous session.
Levels Of Support And Resistance For WAT Stock
The 24-hour chart illustrates a support level at 307.92, which if violated will result in even more drops to 302.53. On the upside, there is a resistance level at 316.86. A further resistance level may holdings at 320.42. The Relative Strength Index (RSI) on the 14-day chart is 41.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -18.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.71%. Stochastics %K at 24.20% indicates the stock is a holding.
The most recent change occurred on December 14, 2022 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating along with a $350 price target.
