New insider activity at Global Water Resources ( (GWRS) ) has taken place on April 1, 2025.
In a significant move, Director Jonathan L Levine has acquired 1,187,200 shares of Global Water Resources stock, amounting to a substantial investment of $11,872,000. Similarly, Director Andrew M. Cohn has purchased 252,000 shares, with his investment totaling $2,520,000.
Recent Updates on GWRS stock
Global Water Resources has recently announced a public offering of 2.8 million shares at $10.00 per share, aiming to raise approximately $28 million in gross proceeds. The company plans to use these funds for acquisitions and general corporate purposes. Additionally, Global Water Resources’ subsidiaries have filed rate case applications with the Arizona Corporation Commission to increase water and wastewater rates, potentially boosting annual revenue by $6.5 million. These developments are part of the company’s strategic growth plans, although the rate increases are subject to regulatory approval.
More about Global Water Resources
YTD Price Performance: -9.98%
Average Trading Volume: 33,317
Technical Sentiment Signal: Buy
Current Market Cap: $277.8M