Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. American Water Works Co. Inc. shares valued at $101,424 were sold by GOSS MARTHA CLARK on Sep 03 ’24. At $142.85 per share, GOSS MARTHA CLARK sold 710 shares. The insider’s holdings dropped to 36,880 shares worth approximately $5.02 million following the completion of this transaction.
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Also, MARTHA CLARK GOSS purchased 710 shares, netting a total of over 101,424 in proceeds.
Before that, Kennedy Melanie M had sold 843 shares from its account. In a trade valued at $100,814, the EVP, CHRO traded American Water Works Co. Inc. shares for $119.59 each. Upon closing the transaction, the insider’s holdings decreased to 843 shares, worth approximately $2.21 million.
As published in their initiating research note from Jefferies on October 07, 2024, American Water Works Co. Inc. [AWK] has been an Underperform and the price target has been revised to $124. As of July 31, 2024, Wells Fargo has decreased its “an Equal weight” rating to a “an Underweight” for AWK. Earlier on February 16, 2024, Evercore ISI downgraded its rating. Their new recommendation was “an In-line” for AWK stock which previously was a “an Outperform”.
Analyzing AWK Stock Performance
During the last five days, there has been a drop of approximately -5.85%. Over the course of the year, American Water Works Co. Inc. shares have jumped approximately 3.20%. Shares of the company reached a 52-week high of $150.68 on 09/17/24 and a 52-week low of $113.34 on 04/16/24. A 50-day SMA is recorded $143.66, while a 200-day SMA reached $131.01. Nevertheless, trading volume fell to 0.88 million shares from 0.86 million shares the previous day.
Support And Resistance Levels for American Water Works Co. Inc. (AWK)
According to the 24-hour chart, there is a support level at 134.29, which, if violated, would cause prices to drop to 132.35. In the upper region, resistance lies at 137.47. The next price resistance is at 138.71. RSI (Relative Strength Index) is 29.77 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.04, which suggests the price will decrease in the coming days. Percent R is at 83.10%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.