Oceaneering International, Inc.’s recently made public that its Director Beachy Karen H unloaded Company’s shares for reported $0.16 million on Mar 07 ’24. In the deal valued at $20.50 per share,7,600 shares were sold. As a result of this transaction, Beachy Karen H now holds 22,786 shares worth roughly $0.57 million.
Then, Roedel Shaun sold 2,122 shares, generating $56,984 in total proceeds. Upon selling the shares at $26.85, the SVP, Mfd. Prods. now owns 51,429 shares.
Before that, Curtis Alan R sold 31,011 shares. Oceaneering International, Inc. shares valued at $821,233 were divested by the SVP and CFO at a price of $26.48 per share. As a result of the transaction, Curtis Alan R now holds 161,277 shares, worth roughly $4.04 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. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in early October from “an Overweight” to “an Equal weight”. Piper Sandler also remained covering OII and has increased its forecast on February 01, 2022 with a “an Overweight” recommendation from previously “Neutral” rating. BofA Securities revised its rating on May 05, 2021. It rated OII as “a Buy” which previously was an “a Neutral”.
Price Performance Review of OII
On Monday, Oceaneering International, Inc. [NYSE:OII] saw its stock fall -0.56% to $25.06. Over the last five days, the stock has gained 6.87%. Oceaneering International, Inc. shares have risen nearly 17.76% since the year began. Nevertheless, the stocks have risen 43.61% over the past one year. While a 52-week high of $27.46 was reached on 04/04/24, a 52-week low of $14.99 was recorded on 01/11/24. SMA at 50 days reached $21.73, while 200 days put it at $21.95. A total of 0.97 million shares were traded, compared to the trading of 1.35 million shares in the previous session.
Levels Of Support And Resistance For OII Stock
The 24-hour chart illustrates a support level at 24.75, which if violated will result in even more drops to 24.43. On the upside, there is a resistance level at 25.44. A further resistance level may holdings at 25.81. The Relative Strength Index (RSI) on the 14-day chart is 70.84, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.41, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.42%. Stochastics %K at 86.11% indicates the stock is a selling.
How much short interest is there in Oceaneering International, Inc.?
A steep rise in short interest was recorded in Oceaneering International, Inc. stocks on Mar 15, 2024, dropping by -0.25 million shares to a total of 4.57 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.82 million shares. There was a decline of -5.47%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.54% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.15.
The most recent change occurred on March 03, 2021 when Cowen resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $14.
