American Water Works Company, Inc. (AWK) Turbulence Continues

The stock of American Water Works Company, Inc. (NYSE:AWK) has been Downgraded to Underperform from Neutral by BofA/Merrill in its latest research note that was published on July 15. Wells Fargo analysts have downgraded their rating of AWK stock from Outperform to Market Perform in a separate flash note to investors on March 27. Analysts at Robert W. Baird issued an upgrade fromNeutral to Outperform for the stock, in a research note that dated back to December 06.

American Water Works Company, Inc., which has current market capitalization of above $23 Billion, published its last quarter earnings on June 30, 2019.

AWK declined by $-0.47 during the normal trading session on Thursday and reaching a high of $128.28 during the day while it closed the day at $126.53. The American stock had a low trading volume of 1.27 million shares on that day, which is low compared to the average daily volume of 914.91M shares. AWK has also gained 0.39% of its value over the past 7 days. However, the stock has surged by 7.82% in the 3 months of the year. Over the past six months meanwhile, it has gained 24.48% while it has added 39.40% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -2.59% from its 3 months high price. However, taking another look at AWK will indicate that it is trading +11.8% away from its 90-day low. Looking at the bigger picture, the American Water Works Company, Inc. stock has dropped by -2.59% from its 52-week high while it has surged by +47.33% from its 52-week low price.

On September 03, 2019 MACKENZIE GEORGE, Director sold 10000 shares of the company. The average price for that transaction was $129.18 per share, which meant that MACKENZIE GEORGE earned $1291800 selling the stocks. The sale was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with EVP and COO, Lynch Walter selling 6908 shares of this stock on August 30, 2019. The average selling price for the stock was $126.91 per share, with the sold stock accruing $876694.3. Following this transaction, the EVP and COO Lynch Walter now holds 106666 shares of the company, which is worth around $13733248.

American has around 64 Billion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $1 Trillion. The American stock is bringing in revenue of over 12 months, which is roughly 882 Billion. Despite all that, American Water Works Company, Inc. is seeing things progressing very much as their y-o-y quarterly revenue surged by 3.40%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 79.87%. This figure is better than the company’s 20-day Raw Stochastic average which currently stands at 73.01%. Over the past 20 days, American’s Stochastic %K stood at 87.95% while its Stochastic %D was revealed to be 93.7%.