Otis Worldwide Corp’s filing revealed that its President, Otis Asia Pacific de Montlivault Stephane unloaded Company’s shares for reported $1.68 million on Feb 21 ’24. In the deal valued at $91.10 per share,18,393 shares were sold. As a result of this transaction, de Montlivault Stephane now holds 67,274 shares worth roughly $6.47 million.
Then, LaFreniere Nora E. sold 22,106 shares, generating $2,008,832 in total proceeds. Upon selling the shares at $90.87, the EVP, General Counsel now owns 24,927 shares.
Before that, Ryan Michael Patrick sold 3,522 shares. Otis Worldwide Corp shares valued at $319,680 were divested by the SVP, CAO & Controller at a price of $90.77 per share. As a result of the transaction, Ryan Michael Patrick now holds 756 shares, worth roughly $72696.95999999999.
Melius initiated its Otis Worldwide Corp [OTIS] rating to a Hold in a research note published recently. A number of analysts have revised their coverage, including Argus’s analysts, who increased its forecast for the stock in late February from “a Hold” to “a Buy”. Vertical Research also remained covering OTIS and has decreased its forecast on January 02, 2024 with a “Hold” recommendation from previously “Buy” rating. UBS started covering the stock on October 03, 2023. It rated OTIS as “a Neutral”.
Price Performance Review of OTIS
On Friday, Otis Worldwide Corp [NYSE:OTIS] saw its stock fall -1.85% to $96.16. Over the last five days, the stock has lost -1.65%. Otis Worldwide Corp shares have risen nearly 7.48% since the year began. Nevertheless, the stocks have risen 19.11% over the past one year. While a 52-week high of $100.35 was reached on 03/22/24, a 52-week low of $73.32 was recorded on 01/17/24. SMA at 50 days reached $95.49, while 200 days put it at $87.54. A total of 1.54 million shares were traded, compared to the trading of 1.47 million shares in the previous session.
Levels Of Support And Resistance For OTIS Stock
The 24-hour chart illustrates a support level at 95.42, which if violated will result in even more drops to 94.68. On the upside, there is a resistance level at 97.11. A further resistance level may holdings at 98.06. The Relative Strength Index (RSI) on the 14-day chart is 44.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.00%. Stochastics %K at 17.48% indicates the stock is a buying.
