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TD Cowen downgrades Mueller Water Products Inc (MWA) rating to a Hold

In a filing, Mueller Water Products Inc revealed its Officer Heinrichs Steven S acquired Company’s shares for reported $2.17 million on Nov 22 ’24. In the deal valued at $25.09 per share,86,399 shares were bought.

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Then, Helms Todd P bought 3,556 shares, generating $88,936 in total proceeds.

Before that, THOMAS LYDIA W sold 10,791 shares. Mueller Water Products Inc shares valued at $263,287 were divested by the Director at a price of $24.40 per share. As a result of the transaction, THOMAS LYDIA W now holds 136,405 shares, worth roughly $3.43 million.

TD Cowen downgraded its Mueller Water Products Inc [MWA] rating to a Hold from a a Buy in a research note published on August 09, 2024; the price target was increased to $20 from $19. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who increased its forecast for the stock in mid April from “a Perform” to “an Outperform”. Northcoast also remained covering MWA and has decreased its forecast on August 04, 2023 with a “Neutral” recommendation from previously “Buy” rating. TD Cowen revised its rating on May 05, 2023. It rated MWA as “an Outperform” which previously was an “a Market perform”.

Price Performance Review of MWA

On Friday, Mueller Water Products Inc [NYSE:MWA] saw its stock jump 0.84% to $25.18. Over the last five days, the stock has gained 3.58%. Mueller Water Products Inc shares have risen nearly 74.86% since the year began. Nevertheless, the stocks have risen 90.47% over the past one year. While a 52-week high of $26.28 was reached on 11/11/24, a 52-week low of $13.08 was recorded on 02/06/24. SMA at 50 days reached $22.60, while 200 days put it at $19.01.

Levels Of Support And Resistance For MWA Stock

The 24-hour chart illustrates a support level at 25.04, which if violated will result in even more drops to 24.90. On the upside, there is a resistance level at 25.26. A further resistance level may holdings at 25.34. The Relative Strength Index (RSI) on the 14-day chart is 66.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.07%. Stochastics %K at 71.25% indicates the stock is a holding.

How much short interest is there in Mueller Water Products Inc?

A steep rise in short interest was recorded in Mueller Water Products Inc stocks on 2024-10-31, growing by 34637.0 shares to a total of 3.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.12 million shares. There was a rise of 1.1%, which implies that there is a positive sentiment for the stock.

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