Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Tidewater Inc. shares valued at $13,201,618 were sold by ROBOTTI ROBERT on May 21 ’24. At $107.28 per share, ROBOTTI ROBERT sold 123,060 shares. The insider’s holdings dropped to 2,156,037 shares worth approximately $221.06 million following the completion of this transaction.
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Also, ROBOTTI ROBERT sold 70,000 shares, netting a total of over 7,505,771 in proceeds. Following the sale of shares at $107.23 each, the insider now holds 2,279,097 shares.
Before that, ROBOTTI ROBERT had sold 58,493 shares from its account. In a trade valued at $6,167,502, the Director traded Tidewater Inc. shares for $105.44 each. Upon closing the transaction, the insider’s holdings decreased to 58,493 shares, worth approximately $240.85 million.
As published in their initiating research note from Johnson Rice on February 09, 2024, Tidewater Inc. [TDW] has been a Buy and the price target has been revised to $88. Analysts at Pickering Energy Partners started covering the stock with ‘”an Outperform”‘ outlook in a report released in late January. As of July 14, 2023, Raymond James has initiated its “Strong buy” rating for TDW.
Analyzing TDW Stock Performance
During the last five days, there has been a drop of approximately -5.16%. Over the course of the year, Tidewater Inc. shares have jumped approximately 42.19%. Shares of the company reached a 52-week high of $111.42 on 05/07/24 and a 52-week low of $63.28 on 01/11/24. A 50-day SMA is recorded $96.55, while a 200-day SMA reached $74.35. Nevertheless, trading volume fell to 0.86 million shares from 0.75 million shares the previous day.
Support And Resistance Levels for Tidewater Inc. (TDW)
According to the 24-hour chart, there is a support level at 100.14, which, if violated, would cause prices to drop to 97.76. In the upper region, resistance lies at 106.04. The next price resistance is at 109.56. RSI (Relative Strength Index) is 52.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.69, which suggests the price will decrease in the coming days. Percent R is at 66.45%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
