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Keeping an Eye on Tidewater Inc. (TDW) After Insider Trading Activity

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 $9.0 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 $9.58 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 Tuesday, Tidewater Inc. [NYSE:TDW] saw its stock fall -4.40% to $91.85. Over the last five days, the stock has lost -2.36%. Tidewater Inc. shares have risen nearly 27.37% since the year began. Nevertheless, the stocks have risen 103.98% 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 $87.46, while 200 days put it at $70.85. A total of 0.64 million shares were traded, compared to the trading of 0.48 million shares in the previous session.

Levels Of Support And Resistance For TDW Stock

The 24-hour chart illustrates a support level at 89.81, which if violated will result in even more drops to 87.77. On the upside, there is a resistance level at 94.80. A further resistance level may holdings at 97.75. The Relative Strength Index (RSI) on the 14-day chart is 49.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 65.57%. Stochastics %K at 55.94% indicates the stock is a holding.

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.

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