Tidewater Inc.’s filing revealed that its Director Anderson Darron M. unloaded Company’s shares for reported $0.1 million on May 24 ’24. In the deal valued at $103.89 per share,1,000 shares were sold. As a result of this transaction, Anderson Darron M. now holds 40,447 shares worth roughly $3.78 million.
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Then, Anderson Darron M. sold 1,750 shares, generating $178,684 in total proceeds. Upon selling the shares at $102.11, the Director now owns 41,447 shares.
Before that, ROBOTTI ROBERT sold 123,060 shares. Tidewater Inc. shares valued at $13,201,618 were divested by the Director at a price of $107.28 per share. As a result of the transaction, ROBOTTI ROBERT now holds 2,156,037 shares, worth roughly $201.55 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 Friday, Tidewater Inc. [NYSE:TDW] saw its stock fall -1.02% to $93.48. Over the last five days, the stock has lost -9.53%. Tidewater Inc. shares have risen nearly 29.64% since the year began. Nevertheless, the stocks have risen 91.95% over the past one year. While a 52-week high of $111.42 was reached on 05/07/24, a 52-week low of $42.62 was recorded on 01/11/24. SMA at 50 days reached $98.76, while 200 days put it at $76.39. A total of 0.73 million shares were traded, compared to the trading of 0.65 million shares in the previous session.
Levels Of Support And Resistance For TDW Stock
The 24-hour chart illustrates a support level at 92.37, which if violated will result in even more drops to 91.27. On the upside, there is a resistance level at 95.60. A further resistance level may holdings at 97.73. The Relative Strength Index (RSI) on the 14-day chart is 38.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.99%. Stochastics %K at 15.56% 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.
