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An Analysis of Mueller Water Products Inc (MWA)’s Potential Price Growth

Mueller Water Products Inc’s recently made public that its Director HANSEN THOMAS J unloaded Company’s shares for reported $0.22 million on Aug 19 ’24. In the deal valued at $20.55 per share,10,791 shares were sold. As a result of this transaction, HANSEN THOMAS J now holds 102,792 shares worth roughly $2.27 million.

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Then, HANSEN THOMAS J bought 10,791 shares, generating $221,800 in total proceeds.

Before that, HALL J SCOTT sold 140,080 shares. Mueller Water Products Inc shares valued at $2,766,874 were divested by the Senior Advisor at a price of $19.75 per share. As a result of the transaction, HALL J SCOTT now holds 544,029 shares, worth roughly $12.0 million.

TD Cowen downgraded its Mueller Water Products Inc [MWA] rating to a Hold from a a Buy in a research note published on August 09, 2024; the price target was increased to $20 from $19. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who increased its forecast for the stock in mid April from “a Perform” to “an Outperform”. Northcoast also remained covering MWA and has decreased its forecast on August 04, 2023 with a “Neutral” recommendation from previously “Buy” rating. TD Cowen revised its rating on May 05, 2023. It rated MWA as “an Outperform” which previously was an “a Market perform”.

Price Performance Review of MWA

On Friday, Mueller Water Products Inc [NYSE:MWA] saw its stock jump 2.18% to $22.06. Over the last five days, the stock has gained 3.71%. Mueller Water Products Inc shares have risen nearly 53.19% since the year began. Nevertheless, the stocks have risen 73.02% over the past one year. While a 52-week high of $21.72 was reached on 10/04/24, a 52-week low of $12.12 was recorded on 02/06/24. SMA at 50 days reached $20.55, while 200 days put it at $17.40.

Levels Of Support And Resistance For MWA Stock

The 24-hour chart illustrates a support level at 21.85, which if violated will result in even more drops to 21.63. On the upside, there is a resistance level at 22.28. A further resistance level may holdings at 22.49. The Relative Strength Index (RSI) on the 14-day chart is 67.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.29%. Stochastics %K at 88.75% indicates the stock is a selling.

How much short interest is there in Mueller Water Products Inc?

A steep rise in short interest was recorded in Mueller Water Products Inc stocks on 2024-09-13, growing by 0.92 million shares to a total of 3.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 2.41 million shares. There was a rise of 27.61%, which implies that there is a positive sentiment for the stock.

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