Diamond Offshore Drilling, Inc.’s recent filing unveils that its Senior Vice President and CFO Savarino Dominic A unloaded Company’s shares for reported $0.17 million on Mar 19 ’24. In the deal valued at $13.16 per share,13,000 shares were sold. As a result of this transaction, Savarino Dominic A now holds 44,501 shares worth roughly $0.63 million.
Then, ROLAND DAVID L sold 5,000 shares, generating $59,951 in total proceeds. Upon selling the shares at $11.99, the SVP, General Counsel and Sec now owns 80,306 shares.
Before that, Savarino Dominic A sold 5,106 shares. Diamond Offshore Drilling, Inc. shares valued at $60,059 were divested by the Senior Vice President and CFO at a price of $11.76 per share. As a result of the transaction, Savarino Dominic A now holds 57,501 shares, worth roughly $0.82 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. A number of analysts have revised their coverage, including BTIG Research’s analysts, who began to cover the stock in early September with a ‘”a Buy”‘ rating.
Price Performance Review of DO
On Monday, Diamond Offshore Drilling, Inc. [NYSE:DO] saw its stock fall -2.19% to $14.26. Over the last five days, the stock has gained 4.09%. Diamond Offshore Drilling, Inc. shares have risen nearly 9.69% since the year began. Nevertheless, the stocks have risen 21.47% over the past one year. While a 52-week high of $17.32 was reached on 04/08/24, a 52-week low of $10.44 was recorded on 02/28/24. SMA at 50 days reached $12.54, while 200 days put it at $13.52. A total of 1.35 million shares were traded, compared to the trading of 1.66 million shares in the previous session.
Levels Of Support And Resistance For DO Stock
The 24-hour chart illustrates a support level at 14.04, which if violated will result in even more drops to 13.82. On the upside, there is a resistance level at 14.65. A further resistance level may holdings at 15.04. The Relative Strength Index (RSI) on the 14-day chart is 66.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.57%. Stochastics %K at 83.63% indicates the stock is a selling.
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 Mar 15, 2024, growing by 0.54 million shares to a total of 4.55 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.01 million shares. There was a rise of 11.87%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.48% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.89.
