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Ladenburg Thalmann gives a Neutral recommendation for Spire Inc. (SR)

Spire Inc.’s recently made public that its Treasurer Woodard Adam W. unloaded Company’s shares for reported $73246.0 on Mar 15 ’24. In the deal valued at $59.58 per share,1,229 shares were sold. As a result of this transaction, Woodard Adam W. now holds 1,560 shares worth roughly $96392.4.

Then, Hampton Joseph B. sold 1,294 shares, generating $75,220 in total proceeds. Upon selling the shares at $58.13, the President, AL & MS now owns 6,768 shares.

Before that, KOONCE PAUL D bought 425 shares. Spire Inc. shares valued at $24,932 were divested by the Director at a price of $58.66 per share. As a result of the transaction, KOONCE PAUL D now holds 925 shares, worth roughly $57155.75.

Ladenburg Thalmann initiated its Spire Inc. [SR] rating to a Neutral in a research note published on April 26, 2024; the price target was $57.50. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid April with a ‘”a Buy”‘ rating. Mizuho also remained covering SR and has increased its forecast on September 29, 2023 with a “Buy” recommendation from previously “Neutral” rating. Stifel revised its rating on February 07, 2023. It rated SR as “a Hold” which previously was an “a Buy”.

Price Performance Review of SR

On Tuesday, Spire Inc. [NYSE:SR] saw its stock jump 0.29% to $61.79. Over the last five days, the stock has gained 1.01%. Spire Inc. shares have fallen nearly -0.88% since the year began. Nevertheless, the stocks have fallen -8.77% over the past one year. While a 52-week high of $69.99 was reached on 01/03/24, a 52-week low of $53.77 was recorded on 01/31/24. SMA at 50 days reached $60.06, while 200 days put it at $59.92. A total of 0.45 million shares were traded, compared to the trading of 0.31 million shares in the previous session.

Levels Of Support And Resistance For SR Stock

The 24-hour chart illustrates a support level at 61.10, which if violated will result in even more drops to 60.41. On the upside, there is a resistance level at 62.32. A further resistance level may holdings at 62.84. The Relative Strength Index (RSI) on the 14-day chart is 61.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.35, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.72%. Stochastics %K at 84.57% indicates the stock is a selling.

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