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Recent Insider Activity Could Benefit Essential Utilities Inc (WTRG)

Essential Utilities Inc’s filing revealed that its Chief Accounting Officer RUBIN ROBERT A unloaded Company’s shares for reported $73961.0 on May 01 ’24. In the deal valued at $36.56 per share,2,023 shares were sold. As a result of this transaction, RUBIN ROBERT A now holds 13,358 shares worth roughly $0.5 million.

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Then, RUBIN ROBERT A sold 5,565 shares, generating $207,074 in total proceeds. Upon selling the shares at $37.21, the Chief Accounting Officer now owns 57,756 shares.

Before that, RUBIN ROBERT A sold 3,551 shares. Essential Utilities Inc shares valued at $127,836 were divested by the Chief Accounting Officer at a price of $36.00 per share. As a result of the transaction, RUBIN ROBERT A now holds 63,321 shares, worth roughly $2.35 million.

Edward Jones upgraded its Essential Utilities Inc [WTRG] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Northcoast’s analysts, who increased its forecast for the stock in late September from “a Neutral” to “a Buy”. Northcoast also remained covering WTRG and has decreased its forecast on May 18, 2023 with a “Neutral” recommendation from previously “Buy” rating. UBS revised its rating on February 06, 2023. It rated WTRG as “a Buy” which previously was an “a Neutral”.

Price Performance Review of WTRG

On Monday, Essential Utilities Inc [NYSE:WTRG] saw its stock fall -0.64% to $37.09. Over the last five days, the stock has lost -2.24%. Essential Utilities Inc shares have fallen nearly -0.70% since the year began. Nevertheless, the stocks have fallen -6.03% over the past one year. While a 52-week high of $43.26 was reached on 05/13/24, a 52-week low of $32.07 was recorded on 04/16/24. SMA at 50 days reached $37.55, while 200 days put it at $36.10. A total of 1.2 million shares were traded, compared to the trading of 1.7 million shares in the previous session.

Levels Of Support And Resistance For WTRG Stock

The 24-hour chart illustrates a support level at 36.77, which if violated will result in even more drops to 36.44. On the upside, there is a resistance level at 37.71. A further resistance level may holdings at 38.32. The Relative Strength Index (RSI) on the 14-day chart is 46.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.61%. Stochastics%K at 50.30% indicates the stock is a holding.

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