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Insider Buying: Rasche Steven P, Spire Inc. [SR] Executive Vice President invested 4,500 shares

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Spire Inc. shares valued at $107,235 were purchased by Rasche Steven P on Jun 13 ’24. At $23.83 per share, Rasche Steven P acquired 4,500 shares. The insider’s holdings grew to 16,500 shares worth approximately $0.98 million following the completion of this transaction.

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Also, Woodard Adam W. sold 1,229 shares, netting a total of over 73,246 in proceeds. Following the sale of shares at $59.58 each, the insider now holds 1,560 shares.

Before that, Hampton Joseph B. had sold 1,294 shares from its account. In a trade valued at $75,220, the President, AL & MS traded Spire Inc. shares for $58.13 each. Upon closing the transaction, the insider’s holdings decreased to 1,294 shares, worth approximately $0.4 million.

As published in a research note from Mizuho on May 02, 2024, Spire Inc. [SR] has been rated down from a Buy to a Neutral and the price target has been revised to $62 from $64. Analysts at Ladenburg Thalmann started covering the stock with ‘”a Neutral”‘ outlook in a report released in late April. As of April 12, 2024, UBS has initiated its “Buy” rating for SR. Earlier on September 29, 2023, Mizuho upgraded its rating. Their new recommendation was “a Buy” for SR stock which previously was a “a Neutral”.

Analyzing SR Stock Performance

During the last five days, there has been a drop of approximately -0.08%. Over the course of the year, Spire Inc. shares have dropped approximately -5.10%. Shares of the company reached a 52-week high of $64.64 on 01/03/24 and a 52-week low of $56.36 on 01/31/24. A 50-day SMA is recorded $60.65, while a 200-day SMA reached $59.86. Nevertheless, trading volume fell to 98519.0 shares from 0.31 million shares the previous day.

Support And Resistance Levels for Spire Inc. (SR)

According to the 24-hour chart, there is a support level at 59.72, which, if violated, would cause prices to drop to 59.39. In the upper region, resistance lies at 60.58. The next price resistance is at 61.11. RSI (Relative Strength Index) is 45.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.03, which suggests the price will increase in the coming days. Percent R is at 38.98%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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