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Jefferies upgrades Waters Corp (WAT) stock to a Buy

Waters Corp’s recently made public that its Director FEARON RICHARD H acquired Company’s shares for reported $0.33 million on May 28 ’24. In the deal valued at $332.90 per share,1,000 shares were bought. As a result of this transaction, FEARON RICHARD H now holds 1,653 shares worth roughly $0.64 million.

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Then, KUEBLER CHRISTOPHER A sold 4,000 shares, generating $1,446,560 in total proceeds. Upon selling the shares at $361.64, the Director now owns 14,716 shares.

Before that, BADDOUR LINDA sold 500 shares. Waters Corp shares valued at $177,770 were divested by the Director at a price of $355.54 per share. As a result of the transaction, BADDOUR LINDA now holds 2,250 shares, worth roughly $0.87 million.

Jefferies upgraded its Waters Corp [WAT] rating to a Buy from a a Hold in a research note published on October 08, 2024; the price target was increased to $415 from $355. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late August with a ‘”an Overweight”‘ rating. Leerink Partners also remained covering WAT and has increased its forecast on August 01, 2024 with a “an Outperform” recommendation from previously “Market perform” rating.

Price Performance Review of WAT

On Monday, Waters Corp [NYSE:WAT] saw its stock jump 0.03% to $387.34. Over the last five days, the stock has gained 18.99%. Waters Corp shares have risen nearly 17.65% since the year began. Nevertheless, the stocks have risen 57.83% over the past one year. While a 52-week high of $389.35 was reached on 11/04/24, a 52-week low of $241.40 was recorded on 07/09/24. SMA at 50 days reached $342.84, while 200 days put it at $328.43.

Levels Of Support And Resistance For WAT Stock

The 24-hour chart illustrates a support level at 381.97, which if violated will result in even more drops to 376.61. On the upside, there is a resistance level at 391.85. A further resistance level may holdings at 396.37. The Relative Strength Index (RSI) on the 14-day chart is 72.00, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 23.44, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.25%. Stochastics %K at 65.24% indicates the stock is a holding.

How much short interest is there in Waters Corp?

A steep rise in short interest was recorded in Waters Corp stocks on 2024-10-15, dropping by -0.42 million shares to a total of 2.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.75 million shares. There was a decline of -18.06%, which implies that there is a negative sentiment for the stock.

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