Diamond Offshore Drilling, Inc. [DO] Savarino Dominic A sells 5,106 Shares for $65035.0

Diamond Offshore Drilling, Inc.’s recent filing unveils that its Senior Vice President and CFO Savarino Dominic A unloaded Company’s shares for reported $65035.0 on Nov 10. In the deal valued at $12.74 per share,5,106 shares were sold. As a result of this transaction, Savarino Dominic A now holds 53,940 shares worth roughly $0.65 million.

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Then, Savarino Dominic A sold 5,797 shares, generating $86,955 in total proceeds. Upon selling the shares at $15.00, the Senior Vice President and CFO now owns 37,975 shares.

Before that, Savarino Dominic A sold 6,027 shares. Diamond Offshore Drilling, Inc. shares valued at $65,922 were divested by the Senior Vice President and CFO at a price of $10.94 per share. As a result of the transaction, Savarino Dominic A now holds 40,608 shares, worth roughly $0.49 million.

CapitalOne initiated its Diamond Offshore Drilling, Inc. [DO] rating to an Overweight in a research note published on November 28, 2023; the price target was $20.

Price Performance Review of DO

On Friday, Diamond Offshore Drilling, Inc. [NYSE:DO] saw its stock jump 1.09% to $12.01. Over the last five days, the stock has gained 2.74%. Diamond Offshore Drilling, Inc. shares have fallen nearly -7.62% since the year began. Nevertheless, the stocks have fallen -3.92% over the past one year. While a 52-week high of $17.32 was reached on 01/02/24, a 52-week low of $9.56 was recorded on 02/07/24. SMA at 50 days reached $12.45, while 200 days put it at $13.32. A total of 1.43 million shares were traded, compared to the trading of 2.9 million shares in the previous session.

Levels Of Support And Resistance For DO Stock

The 24-hour chart illustrates a support level at 11.76, which if violated will result in even more drops to 11.51. On the upside, there is a resistance level at 12.19. A further resistance level may holdings at 12.36. The Relative Strength Index (RSI) on the 14-day chart is 46.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.96%. Stochastics %K at 30.22% indicates the stock is a holding.

How much short interest is there in Diamond Offshore Drilling, Inc.?

A steep rise in short interest was recorded in Diamond Offshore Drilling, Inc. stocks on Jan 31, 2024, growing by 0.81 million shares to a total of 3.85 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 3.04 million shares. There was a rise of 21.04%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.79% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.21.

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