Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. American States Water Co shares valued at $40,445 were sold by HOLLOWAY ANNE M on Aug 22 ’24. At $80.89 per share, HOLLOWAY ANNE M sold 500 shares. The insider’s holdings dropped to 38,519 shares worth approximately $3.29 million following the completion of this transaction.
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Also, HOLLOWAY ANNE M purchased 500 shares, netting a total of over 40,645 in proceeds.
Before that, Hopkins Mary Ann had added 560 shares to its account. In a trade valued at $40,057, the Director bought American States Water Co shares for $71.53 each. Upon closing the transaction, the insider’s holdings increased to 560 shares, worth approximately $0.31 million.
As published in a research note from Wells Fargo on July 31, 2024, American States Water Co [AWR] has been rated up from an Underweight to an Equal weight and the price target has been revised to $87 from $80. Analysts at Wells Fargo downgraded the stock from ‘”an Equal weight”‘ to ‘”an Underweight”‘ outlook in a report released in late June. As of May 12, 2023, Wells Fargo has increased its “an Underweight” rating to a “an Equal weight” for AWR. Earlier on January 05, 2023, Seaport Research Partners downgraded its rating. Their new recommendation was “a Neutral” for AWR stock which previously was a “a Buy”.
Analyzing AWR Stock Performance
During the last five days, there has been a surge of approximately 1.15%. Over the course of the year, American States Water Co shares have jumped approximately 6.16%. Shares of the company reached a 52-week high of $87.50 on 10/16/24 and a 52-week low of $66.03 on 04/16/24. A 50-day SMA is recorded $84.11, while a 200-day SMA reached $77.47. Nevertheless, trading volume fell to 0.25 million shares from 0.25 million shares the previous day.
Support And Resistance Levels for American States Water Co (AWR)
According to the 24-hour chart, there is a support level at 84.72, which, if violated, would cause prices to drop to 84.06. In the upper region, resistance lies at 86.50. The next price resistance is at 87.62. RSI (Relative Strength Index) is 54.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.20, which suggests the price will decrease in the coming days. Percent R is at 46.45%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
