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Jefferies analysts initates an Underperform rating for American Water Works Co. Inc. (AWK)

In a filing, American Water Works Co. Inc. revealed its Director GOSS MARTHA CLARK unloaded Company’s shares for reported $0.1 million on Sep 03 ’24. In the deal valued at $142.85 per share,710 shares were sold. As a result of this transaction, GOSS MARTHA CLARK now holds 36,880 shares worth roughly $5.05 million.

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Then, MARTHA CLARK GOSS bought 710 shares, generating $101,424 in total proceeds.

Before that, Kennedy Melanie M sold 843 shares. American Water Works Co. Inc. shares valued at $100,814 were divested by the EVP, CHRO at a price of $119.59 per share. As a result of the transaction, Kennedy Melanie M now holds 16,240 shares, worth roughly $2.22 million.

Jefferies initiated its American Water Works Co. Inc. [AWK] rating to an Underperform in a research note published on October 07, 2024; the price target was $124. Wells Fargo also remained covering AWK and has decreased its forecast on July 31, 2024 with a “an Underweight” recommendation from previously “an Equal weight” rating. Evercore ISI revised its rating on February 16, 2024. It rated AWK as “an In-line” which previously was an “an Outperform”.

Price Performance Review of AWK

On Monday, American Water Works Co. Inc. [NYSE:AWK] saw its stock fall -3.91% to $136.99. Over the last five days, the stock has lost -6.33%. American Water Works Co. Inc. shares have risen nearly 3.79% since the year began. Nevertheless, the stocks have risen 15.38% over the past one year. While a 52-week high of $150.68 was reached on 09/17/24, a 52-week low of $113.34 was recorded on 04/16/24. SMA at 50 days reached $144.02, while 200 days put it at $130.93.

Levels Of Support And Resistance For AWK Stock

The 24-hour chart illustrates a support level at 134.44, which if violated will result in even more drops to 131.90. On the upside, there is a resistance level at 140.79. A further resistance level may holdings at 144.60. The Relative Strength Index (RSI) on the 14-day chart is 30.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.08%. Stochastics %K at 14.84% indicates the stock is a buying.

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

A steep rise in short interest was recorded in American Water Works Co. Inc. stocks on 2024-09-13, growing by 0.39 million shares to a total of 4.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.06 million shares. There was a rise of 8.78%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on October 03, 2023 when Mizuho began covering the stock and recommended ‘”a Buy”‘ rating along with a $134 price target.

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