The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Essential Utilities Inc shares valued at $73,961 were sold by RUBIN ROBERT A on May 01 ’24. At $36.56 per share, RUBIN ROBERT A sold 2,023 shares. The insider’s holdings dropped to 13,358 shares worth approximately $0.5 million following the completion of this transaction.
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Also, RUBIN ROBERT A sold 5,565 shares, netting a total of over 207,074 in proceeds. Following the sale of shares at $37.21 each, the insider now holds 57,756 shares.
Before that, RUBIN ROBERT A had sold 3,551 shares from its account. In a trade valued at $127,836, the Chief Accounting Officer traded Essential Utilities Inc shares for $36.00 each. Upon closing the transaction, the insider’s holdings decreased to 3,551 shares, worth approximately $2.35 million.
As published in a research note from Edward Jones on November 03, 2023, Essential Utilities Inc [WTRG] has been rated up from a Hold to a Buy. Analysts at Northcoast upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late September. As of May 18, 2023, Northcoast has decreased its “Buy” rating to a “Neutral” for WTRG. Earlier on February 06, 2023, UBS upgraded its rating. Their new recommendation was “a Buy” for WTRG stock which previously was a “a Neutral”.
Analyzing WTRG Stock Performance
During the last five days, there has been a drop of approximately -5.84%. Over the course of the year, Essential Utilities Inc shares have dropped approximately -0.64%. Shares of the company reached a 52-week high of $39.78 on 05/13/24 and a 52-week low of $33.57 on 04/16/24. A 50-day SMA is recorded $36.87, while a 200-day SMA reached $36.12. Nevertheless, trading volume fell to 1.39 million shares from 0.82 million shares the previous day.
Support And Resistance Levels for Essential Utilities Inc (WTRG)
According to the 24-hour chart, there is a support level at 36.63, which, if violated, would cause prices to drop to 36.15. In the upper region, resistance lies at 38.04. The next price resistance is at 38.96. RSI (Relative Strength Index) is 42.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.58, which suggests the price will decrease in the coming days. Percent R is at 98.89%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
