In a filing, California Water Service Group revealed its Sr. VP Corp Svcs & Chief Risk Luu Michael B unloaded Company’s shares for reported $50728.0 on Nov 22 ’24. In the deal valued at $51.50 per share,985 shares were sold. As a result of this transaction, Luu Michael B now holds 20,354 shares worth roughly $0.93 million.
Then, Luu Michael B bought 985 shares, generating $50,727 in total proceeds.
Before that, Krummel Thomas M sold 555 shares. California Water Service Group shares valued at $30,575 were divested by the Director at a price of $55.09 per share. As a result of the transaction, Krummel Thomas M now holds 21,951 shares, worth roughly $1.0 million.
Wells Fargo upgraded its California Water Service Group [CWT] rating to an Overweight from a an Equal weight in a research note published on January 07, 2025; the price target was decreased to $52 from $56. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. Wells Fargo also remained covering CWT and has increased its forecast on July 31, 2024 with a “an Equal weight” recommendation from previously “an Underweight” rating. UBS revised its rating on April 04, 2024. It rated CWT as “a Neutral” which previously was an “a Sell”.
Price Performance Review of CWT
On Tuesday, California Water Service Group [NYSE:CWT] saw its stock jump 4.43% to $45.69. Over the last five days, the stock has gained 2.35%. California Water Service Group shares have risen nearly 0.89% since the year began. Nevertheless, the stocks have fallen -1.99% over the past one year. While a 52-week high of $56.20 was reached on 01/02/25, a 52-week low of $41.60 was recorded on 01/13/25. SMA at 50 days reached $45.84, while 200 days put it at $50.29.
Levels Of Support And Resistance For CWT Stock
The 24-hour chart illustrates a support level at 44.33, which if violated will result in even more drops to 42.98. On the upside, there is a resistance level at 46.43. A further resistance level may holdings at 47.18. The Relative Strength Index (RSI) on the 14-day chart is 55.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.44%. Stochastics %K at 53.57% indicates the stock is a holding.
How much short interest is there in California Water Service Group?
A steep rise in short interest was recorded in California Water Service Group stocks on 2025-01-31, dropping by 3724.0 shares to a total of 0.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 0.77 million shares. There was a decline of -0.48%, which implies that there is a negative sentiment for the stock.
