MUELLER WATER PRODUCTS (NYSE:MWA) has tumbled 2.38% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 6.74% in the last four weeks. The stocks have underperformed the S&P 500 by 1.21% during the past week but MUELLER WATER PRODUCTS (NYSE:MWA) it has outperformed the index in 4 weeks by 5.76%.
MUELLER WATER PRODUCTS (NYSE:MWA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.03 and $10.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.18. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.09, notching a gain of 0.91% for the day. The total traded volume was 2,745,958 . The stock had closed at $10.99 on the previous day.
The company shares have rallied 18.23% from its 1 Year high price. On Jun 9, 2016, the shares registered one year high at $11.75 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $10.87 and the 200 Day Moving Average price is recorded at $9.43.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Fish Thomas E, officer (President, Anvil) of Mueller Water Products, Inc., had unloaded 65,000 shares at an average price of $9.2 in a transaction dated on February 23, 2015. The total value of the transaction was worth $598,000.
Currently the company Insiders own 4.6% of MUELLER WATER PRODUCTS shares according to the proxy statements. Institutional Investors own 85.43% of MUELLER WATER PRODUCTS shares.
Mueller Water Products, Inc., is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water. The Companys product portfolio includes engineered valves, fire hydrants, metering products and systems, leak detection and pipe condition assessment, which are used by municipalities, and residential and non-residential construction industries. The Company operates through two segments: Mueller Co. and Anvil. The Company helps municipalities increase operational efficiencies, improve customer service and prioritize capital spending. Mueller Co. manufactures valves for water and gas systems, including iron gate, butterfly, tapping, check, plug and ball valves, dry-barrel and wet-barrel fire hydrants, and metering systems. The Company also manufactures fittings and couplings, including cast iron fittings, malleable iron fittings and unions, grooved fittings, threaded steel pipe coupling and nipples.