In a filing, Essential Utilities Inc revealed 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 $2.08 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 $2.25 million.
Jefferies downgraded its Essential Utilities Inc [WTRG] rating to a Hold from a a Buy in a research note published on November 07, 2024; the price target was decreased to $41 from $44. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in early October with a ‘”a Buy”‘ rating. Edward Jones revised its rating on November 03, 2023. It rated WTRG as “a Buy” which previously was an “a Hold”.
Price Performance Review of WTRG
On Tuesday, Essential Utilities Inc [NYSE:WTRG] saw its stock jump 0.36% to $38.95. Over the last five days, the stock has lost -0.26%. Essential Utilities Inc shares have risen nearly 4.28% since the year began. Nevertheless, the stocks have risen 9.50% over the past one year. While a 52-week high of $41.78 was reached on 08/02/24, a 52-week low of $33.57 was recorded on 04/16/24. SMA at 50 days reached $39.01, while 200 days put it at $37.92.
Levels Of Support And Resistance For WTRG Stock
The 24-hour chart illustrates a support level at 38.66, which if violated will result in even more drops to 38.36. On the upside, there is a resistance level at 39.19. A further resistance level may holdings at 39.42. The Relative Strength Index (RSI) on the 14-day chart is 48.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.04%. Stochastics %K at 22.36% 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 2024-10-31, dropping by 85882.0 shares to a total of 4.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.09 million shares. There was a decline of -2.15%, which implies that there is a negative sentiment for the stock.
