In a filing, Diamond Offshore Drilling, Inc. revealed 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 $0.59 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 $0.77 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 jump 2.86% to $13.31. Over the last five days, the stock has lost -3.27%. Diamond Offshore Drilling, Inc. shares have risen nearly 2.38% since the year began. Nevertheless, the stocks have risen 15.84% 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 $12.87, while 200 days put it at $13.53. A total of 1.57 million shares were traded, compared to the trading of 1.7 million shares in the previous session.
Levels Of Support And Resistance For DO Stock
The 24-hour chart illustrates a support level at 12.86, which if violated will result in even more drops to 12.41. On the upside, there is a resistance level at 13.57. A further resistance level may holdings at 13.83. The Relative Strength Index (RSI) on the 14-day chart is 48.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.07%. Stochastics %K at 15.60% indicates the stock is a buying.
