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Middlesex Water Co. [MSEX] Records 200-Day SMA of $58.20

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Middlesex Water Co. shares valued at $48,986 were sold by REINHARD WALTER G on May 22 ’24. At $57.16 per share, REINHARD WALTER G sold 857 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

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Also, Cosgrove James F. Jr. purchased 1,600 shares, netting a total of over 82,720 in proceeds. Following the buying of shares at $51.70 each, the insider now holds 9,342 shares.

Before that, Ginegaw Lorrie Beth had sold 300 shares from its account. In a trade valued at $21,315, the VP, Human Resources, MBA traded Middlesex Water Co. shares for $71.05 each. Upon closing the transaction, the insider’s holdings decreased to 300 shares, worth approximately $18158.25.

As published in a research note from Janney on June 24, 2022, Middlesex Water Co. [MSEX] has been rated up from a Neutral to a Buy. Analysts at Boenning & Scattergood downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in early June. As of April 14, 2021, Janney has decreased its “Buy” rating to a “Neutral” for MSEX. Earlier on March 02, 2021, Janney upgraded its rating. Their new recommendation was “a Buy” for MSEX stock which previously was a “a Neutral”.

Analyzing MSEX Stock Performance

During the last five days, there has been a drop of approximately -2.25%. Over the course of the year, Middlesex Water Co. shares have dropped approximately -22.05%. Shares of the company reached a 52-week high of $66.20 on 01/02/24 and a 52-week low of $45.42 on 04/16/24. A 50-day SMA is recorded $53.18, while a 200-day SMA reached $58.20. Nevertheless, trading volume fell to 50222.0 shares from 0.1 million shares the previous day.

Support And Resistance Levels for Middlesex Water Co. (MSEX)

According to the 24-hour chart, there is a support level at 52.10, which, if violated, would cause prices to drop to 51.46. In the upper region, resistance lies at 53.54. The next price resistance is at 54.35. RSI (Relative Strength Index) is 43.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.81, which suggests the price will decrease in the coming days. Percent R is at 34.06%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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