Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. California Water Service Group shares valued at $50,728 were sold by Luu Michael B on Nov 22 ’24. At $51.50 per share, Luu Michael B sold 985 shares. The insider’s holdings dropped to 20,354 shares worth approximately $0.92 million following the completion of this transaction.
Also, Luu Michael B purchased 985 shares, netting a total of over 50,727 in proceeds.
Before that, Krummel Thomas M had sold 555 shares from its account. In a trade valued at $30,575, the Director traded California Water Service Group shares for $55.09 each. Upon closing the transaction, the insider’s holdings decreased to 555 shares, worth approximately $0.99 million.
As published in a research note from Wells Fargo on January 07, 2025, California Water Service Group [CWT] has been rated up from an Equal weight to an Overweight and the price target has been revised to $52 from $56. Analysts at BofA Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in mid December. As of July 31, 2024, Wells Fargo has increased its “an Underweight” rating to a “an Equal weight” for CWT. Earlier on April 04, 2024, UBS upgraded its rating. Their new recommendation was “a Neutral” for CWT stock which previously was a “a Sell”.
Analyzing CWT Stock Performance
During the last five days, there has been a drop of approximately -1.19%. Over the course of the year, California Water Service Group shares have dropped approximately -0.73%. Shares of the company reached a 52-week high of $47.38 on 02/25/25 and a 52-week low of $41.64 on 01/13/25. A 50-day SMA is recorded $45.02, while a 200-day SMA reached $50.05. Nevertheless, trading volume fell to 0.54 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for California Water Service Group (CWT)
According to the 24-hour chart, there is a support level at 43.78, which, if violated, would cause prices to drop to 42.61. In the upper region, resistance lies at 45.95. The next price resistance is at 46.95. RSI (Relative Strength Index) is 47.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.56, which suggests the price will decrease in the coming days. Percent R is at 59.46%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
