Essential Utilities Inc’s recently made public that its Chief Executive Officer Franklin Chris unloaded Company’s shares for reported $0.3 million on Mar 14 ’25. In the deal valued at $39.40 per share,7,700 shares were sold. As a result of this transaction, Franklin Chris now holds 32,229 shares worth roughly $1.28 million.
Then, Chris Franklin bought 7,700 shares, generating $303,380 in total proceeds.
Before that, RUBIN ROBERT A sold 2,342 shares. Essential Utilities Inc shares valued at $87,661 were divested by the Chief Accounting Officer at a price of $37.43 per share. As a result of the transaction, RUBIN ROBERT A now holds 53,391 shares, worth roughly $2.13 million.
Jefferies upgraded its Essential Utilities Inc [WTRG] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early January from “an Overweight” to “an Equal weight”. Jefferies also remained covering WTRG and has decreased its forecast on November 07, 2024 with a “Hold” recommendation from previously “Buy” rating. Jefferies started covering the stock on October 07, 2024. It rated WTRG as “a Buy”.
Price Performance Review of WTRG
On Monday, Essential Utilities Inc [NYSE:WTRG] saw its stock jump 0.89% to $39.85. Over the last five days, the stock has lost -1.77%. Essential Utilities Inc shares have risen nearly 9.72% since the year began. Nevertheless, the stocks have risen 9.27% over the past one year. While a 52-week high of $41.78 was reached on 03/10/25, a 52-week low of $33.18 was recorded on 01/13/25. SMA at 50 days reached $36.31, while 200 days put it at $38.17.
Levels Of Support And Resistance For WTRG Stock
The 24-hour chart illustrates a support level at 39.23, which if violated will result in even more drops to 38.61. On the upside, there is a resistance level at 40.37. A further resistance level may holdings at 40.88. The Relative Strength Index (RSI) on the 14-day chart is 63.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.34%. Stochastics %K at 67.88% 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 2025-02-28, growing by 0.35 million shares to a total of 5.01 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 4.66 million shares. There was a rise of 7.01%, which implies that there is a positive sentiment for the stock.
