Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mueller Water Products Inc shares valued at $653,306 were sold by Smith Suzanne G on Dec 09 ’24. At $24.99 per share, Smith Suzanne G sold 26,138 shares. The insider’s holdings dropped to 9,378 shares worth approximately $0.21 million following the completion of this transaction.
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Also, Smith Suzanne G purchased 26,138 shares, netting a total of over 653,306 in proceeds.
Before that, Helms Todd P had sold 57,948 shares from its account. In a trade valued at $1,488,620, the SVP and CHRO traded Mueller Water Products Inc shares for $25.69 each. Upon closing the transaction, the insider’s holdings decreased to 57,948 shares, worth approximately $0.99 million.
As published in a research note from TD Cowen on August 09, 2024, Mueller Water Products Inc [MWA] has been rated down from a Buy to a Hold and the price target has been revised to $20 from $19. Analysts at Oppenheimer upgraded the stock from ‘”a Perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid April. As of August 04, 2023, Northcoast has decreased its “Buy” rating to a “Neutral” for MWA. Earlier on May 05, 2023, TD Cowen upgraded its rating. Their new recommendation was “an Outperform” for MWA stock which previously was a “a Market perform”.
Analyzing MWA Stock Performance
During the last five days, there has been a drop of approximately -6.69%. Over the course of the year, Mueller Water Products Inc shares have jumped approximately 58.82%. Shares of the company reached a 52-week high of $26.28 on 11/11/24 and a 52-week low of $13.49 on 02/06/24. A 50-day SMA is recorded $23.80, while a 200-day SMA reached $19.83. Nevertheless, trading volume fell to 0.79 million shares from 0.93 million shares the previous day.
Support And Resistance Levels for Mueller Water Products Inc (MWA)
According to the 24-hour chart, there is a support level at 22.68, which, if violated, would cause prices to drop to 22.48. In the upper region, resistance lies at 23.19. The next price resistance is at 23.50. RSI (Relative Strength Index) is 32.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.37, which suggests the price will decrease in the coming days. Percent R is at 97.68%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
