California Water Service Group’s recently made public that its Director Krummel Thomas M unloaded Company’s shares for reported $0.11 million on May 01 ’24. In the deal valued at $50.00 per share,2,220 shares were sold. As a result of this transaction, Krummel Thomas M now holds 23,873 shares worth roughly $1.22 million.
Then, Krummel Thomas M sold 555 shares, generating $28,804 in total proceeds. Upon selling the shares at $51.90, the Director now owns 26,066 shares.
Before that, Krummel Thomas M sold 555 shares. California Water Service Group shares valued at $29,665 were divested by the Director at a price of $53.45 per share. As a result of the transaction, Krummel Thomas M now holds 26,621 shares, worth roughly $1.36 million.
UBS upgraded its California Water Service Group [CWT] rating to a Neutral from a a Sell in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in late October from “an Equal weight” to “an Underweight”. Janney also remained covering CWT and has increased its forecast on July 28, 2023 with a “Buy” recommendation from previously “Neutral” rating. Wells Fargo revised its rating on June 28, 2023. It rated CWT as “an Equal weight” which previously was an “an Underweight”.
Price Performance Review of CWT
On Tuesday, California Water Service Group [NYSE:CWT] saw its stock jump 0.97% to $51.23. Over the last five days, the stock has gained 4.30%. California Water Service Group shares have fallen nearly -1.23% since the year began. Nevertheless, the stocks have fallen -10.17% over the past one year. While a 52-week high of $58.30 was reached on 01/02/24, a 52-week low of $43.50 was recorded on 04/16/24. SMA at 50 days reached $46.57, while 200 days put it at $48.84. A total of 0.29 million shares were traded, compared to the trading of 0.26 million shares in the previous session.
Levels Of Support And Resistance For CWT Stock
The 24-hour chart illustrates a support level at 50.83, which if violated will result in even more drops to 50.44. On the upside, there is a resistance level at 51.44. A further resistance level may holdings at 51.66. The Relative Strength Index (RSI) on the 14-day chart is 74.88, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.44%. Stochastics %K at 97.61% indicates the stock is a selling.
