The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Mueller Water Products Inc shares valued at $221,800 were sold by HANSEN THOMAS J on Aug 19 ’24. At $20.55 per share, HANSEN THOMAS J sold 10,791 shares. The insider’s holdings dropped to 102,792 shares worth approximately $2.21 million following the completion of this transaction.
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Also, HANSEN THOMAS J purchased 10,791 shares, netting a total of over 221,800 in proceeds.
Before that, HALL J SCOTT had sold 140,080 shares from its account. In a trade valued at $2,766,874, the Senior Advisor traded Mueller Water Products Inc shares for $19.75 each. Upon closing the transaction, the insider’s holdings decreased to 140,080 shares, worth approximately $11.69 million.
As published in a research note from TD Cowen on August 09, 2024, Mueller Water Products Inc [MWA] has been rated down from a Buy to a Hold and the price target has been revised to $20 from $19. Analysts at Oppenheimer upgraded the stock from ‘”a Perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid April. As of August 04, 2023, Northcoast has decreased its “Buy” rating to a “Neutral” for MWA. Earlier on May 05, 2023, TD Cowen upgraded its rating. Their new recommendation was “an Outperform” for MWA stock which previously was a “a Market perform”.
Analyzing MWA Stock Performance
During the last five days, there has been a surge of approximately 1.99%. Over the course of the year, Mueller Water Products Inc shares have jumped approximately 49.24%. Shares of the company reached a 52-week high of $21.71 on 09/30/24 and a 52-week low of $13.49 on 02/06/24. A 50-day SMA is recorded $20.49, while a 200-day SMA reached $17.33. Nevertheless, trading volume fell to 0.66 million shares from 0.82 million shares the previous day.
Support And Resistance Levels for Mueller Water Products Inc (MWA)
According to the 24-hour chart, there is a support level at 21.30, which, if violated, would cause prices to drop to 21.10. In the upper region, resistance lies at 21.60. The next price resistance is at 21.70. RSI (Relative Strength Index) is 61.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.48, which suggests the price will decrease in the coming days. Percent R is at 13.13%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
