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. Waters Corp shares valued at $332,900 were purchased by FEARON RICHARD H on May 28 ’24. At $332.90 per share, FEARON RICHARD H acquired 1,000 shares. The insider’s holdings grew to 1,653 shares worth approximately $0.53 million following the completion of this transaction.
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Also, KUEBLER CHRISTOPHER A sold 4,000 shares, netting a total of over 1,446,560 in proceeds. Following the sale of shares at $361.64 each, the insider now holds 14,716 shares.
Before that, BADDOUR LINDA had sold 500 shares from its account. In a trade valued at $177,770, the Director traded Waters Corp shares for $355.54 each. Upon closing the transaction, the insider’s holdings decreased to 500 shares, worth approximately $0.73 million.
As published in a research note from Jefferies on October 08, 2024, Waters Corp [WAT] has been rated up from a Hold to a Buy and the price target has been revised to $415 from $355. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in late August. As of August 01, 2024, Leerink Partners has increased its “Market perform” rating to a “an Outperform” for WAT.
Analyzing WAT Stock Performance
During the last five days, there has been a drop of approximately -1.28%. Over the course of the year, Waters Corp shares have dropped approximately -1.86%. Shares of the company reached a 52-week high of $367.21 on 05/15/24 and a 52-week low of $279.24 on 07/09/24. A 50-day SMA is recorded $340.92, while a 200-day SMA reached $327.67. Nevertheless, trading volume fell to 0.66 million shares from 0.46 million shares the previous day.
Support And Resistance Levels for Waters Corp (WAT)
According to the 24-hour chart, there is a support level at 321.11, which, if violated, would cause prices to drop to 319.10. In the upper region, resistance lies at 325.95. The next price resistance is at 328.78. RSI (Relative Strength Index) is 32.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -13.56, which suggests the price will decrease in the coming days. Percent R is at 95.86%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
