Keeping an Eye on Oceaneering International, Inc. (OII) After Insider Trading Activity

Oceaneering International, Inc.’s recently made public that its SVP, Mfd. Prods. Roedel Shaun unloaded Company’s shares for reported $56984.0 on Sep 28. In the deal valued at $26.85 per share,2,122 shares were sold. As a result of this transaction, Roedel Shaun now holds 51,429 shares worth roughly $1.06 million.

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Then, Curtis Alan R sold 31,011 shares, generating $821,233 in total proceeds. Upon selling the shares at $26.48, the SVP and CFO now owns 161,277 shares.

Before that, Childress Earl sold 14,600 shares. Oceaneering International, Inc. shares valued at $379,746 were divested by the SVP, Chief Commercial Ofc. at a price of $26.01 per share. As a result of the transaction, Childress Earl now holds 64,791 shares, worth roughly $1.34 million.

The Benchmark Company initiated its Oceaneering International, Inc. [OII] rating to a Buy in a research note published on January 19, 2023; the price target was $25.

Price Performance Review of OII

On Friday, Oceaneering International, Inc. [NYSE:OII] saw its stock jump 0.68% to $20.63. Over the last five days, the stock has gained 2.33%. Oceaneering International, Inc. shares have fallen nearly -3.05% since the year began. Nevertheless, the stocks have fallen -4.67% over the past one year. While a 52-week high of $27.46 was reached on 01/26/24, a 52-week low of $14.99 was recorded on 01/11/24. SMA at 50 days reached $20.48, while 200 days put it at $20.95. A total of 0.57 million shares were traded, compared to the trading of 0.58 million shares in the previous session.

Levels Of Support And Resistance For OII Stock

The 24-hour chart illustrates a support level at 20.39, which if violated will result in even more drops to 20.14. On the upside, there is a resistance level at 20.79. A further resistance level may holdings at 20.94. The Relative Strength Index (RSI) on the 14-day chart is 50.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.23%. Stochastics %K at 33.51% indicates the stock is a holding.

How much short interest is there in Oceaneering International, Inc.?

A steep rise in short interest was recorded in Oceaneering International, Inc. stocks on Jan 31, 2024, dropping by 100000.0 shares to a total of 4.25 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 4.35 million shares. There was a decline of -2.35%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.09% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.73.

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