Otter Tail Corporation’s recently made public that its Director ERICKSON JOHN D unloaded Company’s shares for reported $0.19 million on Nov 20 ’23. In the deal valued at $77.36 per share,2,500 shares were sold. As a result of this transaction, ERICKSON JOHN D now holds 0 shares worth roughly $0.0.
Siebert Williams Shank downgraded its Otter Tail Corporation [OTTR] rating to a Sell from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Maxim Group’s analysts, who decreased its forecast for the stock in early May from “a Buy” to “a Hold”. Siebert Williams Shank also remained covering OTTR and has increased its forecast on November 28, 2022 with a “Hold” recommendation from previously “Sell” rating. Siebert Williams Shank revised its rating on August 03, 2022. It rated OTTR as “a Sell” which previously was an “a Hold”.
Price Performance Review of OTTR
On Tuesday, Otter Tail Corporation [NASDAQ:OTTR] saw its stock fall -0.40% to $90.30. Over the last five days, the stock has gained 5.79%. Otter Tail Corporation shares have risen nearly 6.27% since the year began. Nevertheless, the stocks have risen 15.03% over the past one year. While a 52-week high of $99.49 was reached on 02/12/24, a 52-week low of $68.96 was recorded on 03/19/24. SMA at 50 days reached $84.81, while 200 days put it at $82.55. A total of 0.44 million shares were traded, compared to the trading of 0.29 million shares in the previous session.
Levels Of Support And Resistance For OTTR Stock
The 24-hour chart illustrates a support level at 87.84, which if violated will result in even more drops to 85.39. On the upside, there is a resistance level at 94.97. A further resistance level may holdings at 99.65. The Relative Strength Index (RSI) on the 14-day chart is 69.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.48, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 44.83%. Stochastics %K at 82.91% indicates the stock is a selling.
