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 $8.75 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 $9.31 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 -0.28% to $89.26. Over the last five days, the stock has lost -4.67%. Tidewater Inc. shares have risen nearly 23.78% since the year began. Nevertheless, the stocks have risen 95.23% 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 $84.39, while 200 days put it at $69.81. A total of 0.68 million shares were traded, compared to the trading of 0.58 million shares in the previous session.
Levels Of Support And Resistance For TDW Stock
The 24-hour chart illustrates a support level at 87.78, which if violated will result in even more drops to 86.30. On the upside, there is a resistance level at 90.53. A further resistance level may holdings at 91.80. The Relative Strength Index (RSI) on the 14-day chart is 45.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.51%. Stochastics %K at 8.67% indicates the stock is a buying.
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.
