Tidewater Inc.’s filing revealed that its EVP, CFO & CAO Rubio Samuel R unloaded Company’s shares for reported $1.6 million on Mar 05 ’24. In the deal valued at $81.36 per share,19,641 shares were sold. As a result of this transaction, Rubio Samuel R now holds 98,036 shares worth roughly $9.67 million.
Then, Darling David E sold 17,821 shares, generating $1,462,748 in total proceeds. Upon selling the shares at $82.08, the EVP, COO & CHIEF HR OFFICER now owns 85,959 shares.
Before that, Hudson Daniel A. sold 8,000 shares. Tidewater Inc. shares valued at $656,000 were divested by the EVP & GENERAL COUNSEL at a price of $82.00 per share. As a result of the transaction, Hudson Daniel A. now holds 104,312 shares, worth roughly $10.28 million.
Johnson Rice initiated its Tidewater Inc. [TDW] rating to a Buy in a research note published on February 09, 2024; the price target was $88. A number of analysts have revised their coverage, including Pickering Energy Partners’s analysts, who began to cover the stock in late January with a ‘”an Outperform”‘ rating. Raymond James began covering TDW with “Strong buy” recommendation on July 14, 2023.
Price Performance Review of TDW
On Monday, Tidewater Inc. [NYSE:TDW] saw its stock fall -0.11% to $98.59. Over the last five days, the stock has gained 5.11%. Tidewater Inc. shares have risen nearly 36.72% since the year began. Nevertheless, the stocks have risen 126.85% over the past one year. While a 52-week high of $101.10 was reached on 04/03/24, a 52-week low of $39.41 was recorded on 01/11/24. SMA at 50 days reached $79.33, while 200 days put it at $67.66. A total of 0.59 million shares were traded, compared to the trading of 1.24 million shares in the previous session.
Levels Of Support And Resistance For TDW Stock
The 24-hour chart illustrates a support level at 96.75, which if violated will result in even more drops to 94.91. On the upside, there is a resistance level at 100.39. A further resistance level may holdings at 102.19. The Relative Strength Index (RSI) on the 14-day chart is 78.53, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.93, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.47%. Stochastics %K at 82.19% indicates the stock is a selling.
How much short interest is there in Tidewater Inc.?
A steep rise in short interest was recorded in Tidewater Inc. stocks on Mar 15, 2024, growing by 0.46 million shares to a total of 4.8 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.34 million shares. There was a rise of 9.58%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 12.22% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.87.
The most recent change occurred on June 21, 2023 when BTIG Research began covering the stock and recommended ‘”a Buy”‘ rating along with a $75 price target.
