Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Oceaneering International, Inc. shares valued at $155,800 were sold by Beachy Karen H on Mar 07 ’24. At $20.50 per share, Beachy Karen H sold 7,600 shares. The insider’s holdings dropped to 22,786 shares worth approximately $0.56 million following the completion of this transaction.
Also, Roedel Shaun sold 2,122 shares, netting a total of over 56,984 in proceeds. Following the sale of shares at $26.85 each, the insider now holds 51,429 shares.
Before that, Curtis Alan R had sold 31,011 shares from its account. In a trade valued at $821,233, the SVP and CFO traded Oceaneering International, Inc. shares for $26.48 each. Upon closing the transaction, the insider’s holdings decreased to 31,011 shares, worth approximately $3.95 million.
As published in their initiating research note from The Benchmark Company on January 19, 2023, Oceaneering International, Inc. [OII] has been a Buy and the price target has been revised to $25. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early October. As of February 01, 2022, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for OII. Earlier on May 05, 2021, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for OII stock which previously was a “a Neutral”.
Analyzing OII Stock Performance
During the last five days, there has been a drop of approximately -1.92%. Over the course of the year, Oceaneering International, Inc. shares have jumped approximately 15.18%. Shares of the company reached a 52-week high of $25.66 on 04/04/24 and a 52-week low of $18.95 on 01/11/24. A 50-day SMA is recorded $21.91, while a 200-day SMA reached $22.05. Nevertheless, trading volume fell to 0.59 million shares from 0.94 million shares the previous day.
Support And Resistance Levels for Oceaneering International, Inc. (OII)
According to the 24-hour chart, there is a support level at 24.19, which, if violated, would cause prices to drop to 23.87. In the upper region, resistance lies at 24.68. The next price resistance is at 24.85. RSI (Relative Strength Index) is 63.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.34, which suggests the price will decrease in the coming days. Percent R is at 36.16%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Oceaneering International, Inc. subject to short interest?
Stocks of Oceaneering International, Inc. saw a sharp steep in short interest on Mar 28, 2024 dropping by -0.56 million shares to 4.36 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 4.92 million shares. A decline of -12.84% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.29 of the overall float, the days-to-cover ratio (short ratio) decline to 5.29.
