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 $1.87 million.
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 $2.02 million.
Wells Fargo downgraded its Essential Utilities Inc [WTRG] rating to an Equal weight from a an Overweight in a research note published on January 07, 2025; the price target was decreased to $39 from $43. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Hold”. Jefferies began covering WTRG with “Buy” recommendation on October 07, 2024.
Price Performance Review of WTRG
On Friday, Essential Utilities Inc [NYSE:WTRG] saw its stock fall -0.37% to $35.01. Over the last five days, the stock has gained 2.73%. Essential Utilities Inc shares have fallen nearly -3.61% since the year began. Nevertheless, the stocks have fallen -5.79% over the past one year. While a 52-week high of $41.78 was reached on 01/02/25, a 52-week low of $33.18 was recorded on 01/13/25. SMA at 50 days reached $37.78, while 200 days put it at $38.24.
Levels Of Support And Resistance For WTRG Stock
The 24-hour chart illustrates a support level at 34.81, which if violated will result in even more drops to 34.60. On the upside, there is a resistance level at 35.30. A further resistance level may holdings at 35.58. The Relative Strength Index (RSI) on the 14-day chart is 38.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.86%. Stochastics %K at 46.58% 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 2024-12-31, growing by 1.44 million shares to a total of 5.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 4.47 million shares. There was a rise of 24.43%, which implies that there is a positive sentiment for the stock.
