Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Mueller Water Products Inc shares valued at $127,069 were sold by Takeuchi Kenji on May 16 ’24. At $19.09 per share, Takeuchi Kenji sold 6,658 shares. The insider’s holdings dropped to 28,334 shares worth approximately $0.54 million following the completion of this transaction.
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Also, Healy Brian C. purchased 2,650 shares, netting a total of over 50,818 in proceeds. Following the buying of shares at $19.18 each, the insider now holds 2,650 shares.
Before that, Takeuchi Kenji had sold 51,708 shares from its account. In a trade valued at $976,444, the SVP Water Management Solutions traded Mueller Water Products Inc shares for $18.88 each. Upon closing the transaction, the insider’s holdings decreased to 51,708 shares, worth approximately $0.66 million.
As published in a research note from Oppenheimer on April 18, 2024, Mueller Water Products Inc [MWA] has been rated up from a Perform to an Outperform and the price target has been revised to $19. Analysts at Northcoast downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of May 05, 2023, TD Cowen has increased its “Market perform” rating to a “an Outperform” for MWA. Earlier on November 21, 2022, Northcoast upgraded its rating. Their new recommendation was “a Buy” for MWA stock which previously was a “a Neutral”.
Analyzing MWA Stock Performance
During the last five days, there has been a drop of approximately -1.41%. Over the course of the year, Mueller Water Products Inc shares have jumped approximately 31.25%. Shares of the company reached a 52-week high of $19.43 on 05/14/24 and a 52-week low of $13.49 on 02/06/24. A 50-day SMA is recorded $16.60, while a 200-day SMA reached $14.46. Nevertheless, trading volume fell to 1.95 million shares from 0.93 million shares the previous day.
Support And Resistance Levels for Mueller Water Products Inc (MWA)
According to the 24-hour chart, there is a support level at 18.77, which, if violated, would cause prices to drop to 18.63. In the upper region, resistance lies at 19.02. The next price resistance is at 19.13. RSI (Relative Strength Index) is 71.88 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.16, which suggests the price will decrease in the coming days. Percent R is at 17.29%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
