KD Logo

Barclays downgrades Waters Corp. (WAT) stock to an Underweight

In a filing, Waters Corp. revealed its Director KUEBLER CHRISTOPHER A unloaded Company’s shares for reported $1.45 million on May 15 ’24. In the deal valued at $361.64 per share,4,000 shares were sold. As a result of this transaction, KUEBLER CHRISTOPHER A now holds 14,716 shares worth roughly $5.17 million.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Then, BADDOUR LINDA sold 500 shares, generating $177,770 in total proceeds. Upon selling the shares at $355.54, the Director now owns 2,250 shares.

Before that, KUEBLER CHRISTOPHER A sold 4,000 shares. Waters Corp. shares valued at $1,165,920 were divested by the Director at a price of $291.48 per share. As a result of the transaction, KUEBLER CHRISTOPHER A now holds 14,382 shares, worth roughly $5.06 million.

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 fall -0.67% to $351.65. Over the last five days, the stock has lost -2.04%. Waters Corp. shares have risen nearly 6.81% since the year began. Nevertheless, the stocks have risen 31.47% over the past one year. While a 52-week high of $367.21 was reached on 05/15/24, a 52-week low of $231.90 was recorded on 04/18/24. SMA at 50 days reached $333.80, while 200 days put it at $301.95. A total of 0.36 million shares were traded, compared to the trading of 0.41 million shares in the previous session.

Levels Of Support And Resistance For WAT Stock

The 24-hour chart illustrates a support level at 348.91, which if violated will result in even more drops to 346.17. On the upside, there is a resistance level at 353.96. A further resistance level may holdings at 356.27. The Relative Strength Index (RSI) on the 14-day chart is 61.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 12.00, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 26.86%. Stochastics %K at 77.26% 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.

Most Popular