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Checking in on Mueller Water Products Inc (MWA) after recent insiders movement

Mueller Water Products Inc’s recent filing unveils that its SVP Water Management Solutions Takeuchi Kenji unloaded Company’s shares for reported $0.98 million on May 09 ’24. In the deal valued at $18.88 per share,51,708 shares were sold. As a result of this transaction, Takeuchi Kenji now holds 34,992 shares worth roughly $0.67 million.

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Then, Van Arsdell Stephen C bought 10,000 shares, generating $154,200 in total proceeds. Upon buying the shares at $15.42, the Director now owns 80,603 shares.

Before that, Takeuchi Kenji sold 6,658 shares. Mueller Water Products Inc shares valued at $104,013 were divested by the SVP Water Management Solutions at a price of $15.62 per share. As a result of the transaction, Takeuchi Kenji now holds 34,196 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 -0.67% to $19.14. Over the last five days, the stock has gained 15.65%. Mueller Water Products Inc shares have risen nearly 32.92% since the year began. Nevertheless, the stocks have risen 40.63% over the past one year. While a 52-week high of $19.42 was reached on 05/10/24, a 52-week low of $12.11 was recorded on 02/06/24. SMA at 50 days reached $16.03, while 200 days put it at $14.30. A total of 1.56 million shares were traded, compared to the trading of 2.27 million shares in the previous session.

Levels Of Support And Resistance For MWA Stock

The 24-hour chart illustrates a support level at 18.93, which if violated will result in even more drops to 18.73. On the upside, there is a resistance level at 19.37. A further resistance level may holdings at 19.61. The Relative Strength Index (RSI) on the 14-day chart is 81.73, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.81%. Stochastics %K at 95.93% 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.

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