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Waters Corp. [WAT] Records 50-Day SMA of $319.83

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Waters Corp. shares valued at $332,900 were purchased by FEARON RICHARD H on May 28 ’24. At $332.90 per share, FEARON RICHARD H acquired 1,000 shares. The insider’s holdings grew to 1,653 shares worth approximately $0.48 million following the completion of this transaction.

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Also, KUEBLER CHRISTOPHER A sold 4,000 shares, netting a total of over 1,446,560 in proceeds. Following the sale of shares at $361.64 each, the insider now holds 14,716 shares.

Before that, BADDOUR LINDA had sold 500 shares from its account. In a trade valued at $177,770, the Director traded Waters Corp. shares for $355.54 each. Upon closing the transaction, the insider’s holdings decreased to 500 shares, worth approximately $0.65 million.

Analysts at Barclays downgraded the stock from ‘”an Equal weight”‘ to ‘”an Underweight”‘ outlook in a report released in mid November. As of September 28, 2023, Bernstein has initiated its “Mkt perform” rating for WAT. Earlier on July 31, 2023, Evercore ISI downgraded its rating. Their new recommendation was “an In-line” for WAT stock which previously was a “an Outperform”.

Analyzing WAT Stock Performance

During the last five days, there has been a drop of approximately -3.64%. Over the course of the year, Waters Corp. shares have dropped approximately -11.92%. Shares of the company reached a 52-week high of $367.21 on 05/15/24 and a 52-week low of $288.78 on 06/20/24. A 50-day SMA is recorded $319.83, while a 200-day SMA reached $304.83. Nevertheless, trading volume fell to 0.66 million shares from 0.55 million shares the previous day.

Support And Resistance Levels for Waters Corp. (WAT)

According to the 24-hour chart, there is a support level at 287.50, which, if violated, would cause prices to drop to 284.99. In the upper region, resistance lies at 293.79. The next price resistance is at 297.57. RSI (Relative Strength Index) is 25.13 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.68, which suggests the price will decrease in the coming days. Percent R is at 95.65%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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