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Keeping an Eye on American States Water Co. (AWR) After Insider Trading Activity

American States Water Co.’s filing revealed that its Director HOLLOWAY ANNE M unloaded Company’s shares for reported $40445.0 on Aug 22 ’24. In the deal valued at $80.89 per share,500 shares were sold. As a result of this transaction, HOLLOWAY ANNE M now holds 38,519 shares worth roughly $3.25 million.

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Then, HOLLOWAY ANNE M bought 500 shares, generating $40,645 in total proceeds.

Before that, Hopkins Mary Ann bought 560 shares. American States Water Co. shares valued at $40,057 were divested by the Director at a price of $71.53 per share. As a result of the transaction, Hopkins Mary Ann now holds 3,606 shares, worth roughly $0.3 million.

Wells Fargo upgraded its American States Water Co. [AWR] rating to an Equal weight from a an Underweight in a research note published on July 31, 2024; the price target was increased to $87 from $80. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in late June from “an Equal weight” to “an Underweight”. Wells Fargo also remained covering AWR and has increased its forecast on May 12, 2023 with a “an Equal weight” recommendation from previously “an Underweight” rating. Seaport Research Partners revised its rating on January 05, 2023. It rated AWR as “a Neutral” which previously was an “a Buy”.

Price Performance Review of AWR

On Friday, American States Water Co. [NYSE:AWR] saw its stock fall -0.15% to $84.42. Over the last five days, the stock has gained 1.56%. American States Water Co. shares have risen nearly 4.97% since the year began. Nevertheless, the stocks have risen 3.27% over the past one year. While a 52-week high of $85.71 was reached on 08/02/24, a 52-week low of $66.03 was recorded on 04/16/24. SMA at 50 days reached $81.61, while 200 days put it at $76.17.

Levels Of Support And Resistance For AWR Stock

The 24-hour chart illustrates a support level at 83.92, which if violated will result in even more drops to 83.42. On the upside, there is a resistance level at 84.83. A further resistance level may holdings at 85.23. The Relative Strength Index (RSI) on the 14-day chart is 62.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.56, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.92%. Stochastics %K at 79.45% indicates the stock is a holding.

How much short interest is there in American States Water Co.?

A steep rise in short interest was recorded in American States Water Co. stocks on 2024-08-30, dropping by 74468.0 shares to a total of 0.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 0.45 million shares. There was a decline of -20.02%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on November 30, 2022 when UBS began covering the stock and recommended ‘”a Sell”‘ rating along with a $92 price target.

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