Tidewater Inc.’s recently made public that its DIRECTOR, PRESIDENT & CEO Kneen Quintin unloaded Company’s shares for reported $21.29 million on Jun 12 ’24. In the deal valued at $105.86 per share,201,094 shares were sold. As a result of this transaction, Kneen Quintin now holds 134,624 shares worth roughly $12.7 million.
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Then, Traub Kenneth sold 20,000 shares, generating $2,127,606 in total proceeds. Upon selling the shares at $106.38, the Director now owns 68,802 shares.
Before that, Kneen Quintin sold 166,000 shares. Tidewater Inc. shares valued at $17,223,496 were divested by the DIRECTOR, PRESIDENT & CEO at a price of $103.76 per share. As a result of the transaction, Kneen Quintin now holds 335,718 shares, worth roughly $31.66 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 -1.17% to $94.31. Over the last five days, the stock has lost -9.35%. Tidewater Inc. shares have risen nearly 30.79% since the year began. Nevertheless, the stocks have risen 97.14% over the past one year. While a 52-week high of $111.42 was reached on 05/07/24, a 52-week low of $45.88 was recorded on 01/11/24. SMA at 50 days reached $99.29, while 200 days put it at $78.02. A total of 9.86 million shares were traded, compared to the trading of 1.12 million shares in the previous session.
Levels Of Support And Resistance For TDW Stock
The 24-hour chart illustrates a support level at 92.46, which if violated will result in even more drops to 90.61. On the upside, there is a resistance level at 96.03. A further resistance level may holdings at 97.75. The Relative Strength Index (RSI) on the 14-day chart is 41.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.54%. Stochastics %K at 24.40% 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.
