Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Badger Meter Inc. shares valued at $224,885 were sold by Stoll Kimberly K on Aug 21 ’24. At $205.00 per share, Stoll Kimberly K sold 1,097 shares. The insider’s holdings dropped to 3,861 shares worth approximately $0.8 million following the completion of this transaction.
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Also, Stoll Kimberly K purchased 1,097 shares, netting a total of over 225,000 in proceeds.
Before that, Begale Fred J had sold 1,203 shares from its account. In a trade valued at $195,993, the VP-Engineering traded Badger Meter Inc. shares for $162.92 each. Upon closing the transaction, the insider’s holdings decreased to 1,203 shares, worth approximately $0.45 million.
As published in their initiating research note from Seaport Research Partners on September 11, 2024, Badger Meter Inc. [BMI] has been a Buy and the price target has been revised to $235. Analysts at Maxim Group resumed the stock at ‘”a Buy”‘ outlook in a report released in mid April. As of April 18, 2024, Northcoast has increased its “Sell” rating to a “Neutral” for BMI. Earlier on September 29, 2023, Northcoast downgraded its rating. Their new recommendation was “a Sell” for BMI stock which previously was a “a Neutral”.
Analyzing BMI Stock Performance
During the last five days, there has been a drop of approximately -9.13%. Over the course of the year, Badger Meter Inc. shares have jumped approximately 33.41%. Shares of the company reached a 52-week high of $230.76 on 10/09/24 and a 52-week low of $139.50 on 02/06/24. A 50-day SMA is recorded $208.96, while a 200-day SMA reached $182.15. Nevertheless, trading volume fell to 0.66 million shares from 0.46 million shares the previous day.
Support And Resistance Levels for Badger Meter Inc. (BMI)
According to the 24-hour chart, there is a support level at 196.70, which, if violated, would cause prices to drop to 187.44. In the upper region, resistance lies at 211.51. The next price resistance is at 217.06. RSI (Relative Strength Index) is 36.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.88, which suggests the price will decrease in the coming days. Percent R is at 65.70%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
