Essential Utilities Inc’s filing revealed that its Chief Accounting Officer RUBIN ROBERT A unloaded Company’s shares for reported $87661.0 on Jul 01 ’24. In the deal valued at $37.43 per share,2,342 shares were sold. As a result of this transaction, RUBIN ROBERT A now holds 53,391 shares worth roughly $2.14 million.
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Then, RUBIN ROBERT A sold 2,023 shares, generating $73,961 in total proceeds. Upon selling the shares at $36.56, the Chief Accounting Officer now owns 13,358 shares.
Before that, RUBIN ROBERT A sold 5,565 shares. Essential Utilities Inc shares valued at $207,074 were divested by the Chief Accounting Officer at a price of $37.21 per share. As a result of the transaction, RUBIN ROBERT A now holds 57,756 shares, worth roughly $2.32 million.
Jefferies initiated its Essential Utilities Inc [WTRG] rating to a Buy in a research note published on October 07, 2024; the price target was $44. Edward Jones also remained covering WTRG and has increased its forecast on November 03, 2023 with a “Buy” recommendation from previously “Hold” rating. Northcoast revised its rating on September 28, 2023. It rated WTRG as “a Buy” which previously was an “a Neutral”.
Price Performance Review of WTRG
On Tuesday, Essential Utilities Inc [NYSE:WTRG] saw its stock jump 3.86% to $40.12. Over the last five days, the stock has gained 4.21%. Essential Utilities Inc shares have risen nearly 7.42% since the year began. Nevertheless, the stocks have risen 12.00% over the past one year. While a 52-week high of $41.78 was reached on 08/02/24, a 52-week low of $33.28 was recorded on 04/16/24. SMA at 50 days reached $39.01, while 200 days put it at $37.78.
Levels Of Support And Resistance For WTRG Stock
The 24-hour chart illustrates a support level at 39.17, which if violated will result in even more drops to 38.21. On the upside, there is a resistance level at 40.62. A further resistance level may holdings at 41.11. The Relative Strength Index (RSI) on the 14-day chart is 58.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.07%. Stochastics %K at 30.70% indicates the stock is a holding.
How much short interest is there in Essential Utilities Inc?
A steep rise in short interest was recorded in Essential Utilities Inc stocks on 2024-10-15, dropping by -0.79 million shares to a total of 3.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.64 million shares. There was a decline of -20.6%, which implies that there is a negative sentiment for the stock.
