Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Diamond Offshore Drilling, Inc. shares valued at $404,300 were sold by Wolford Bernie G. on Jul 01 ’24. At $15.55 per share, Wolford Bernie G. sold 26,000 shares. The insider’s holdings dropped to 720,496 shares worth approximately $11.05 million following the completion of this transaction.
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Also, Wolford Bernie G. sold 26,000 shares, netting a total of over 392,860 in proceeds. Following the sale of shares at $15.11 each, the insider now holds 746,496 shares.
Before that, Savarino Dominic A had sold 11,369 shares from its account. In a trade valued at $171,786, the Senior Vice President and CFO traded Diamond Offshore Drilling, Inc. shares for $15.11 each. Upon closing the transaction, the insider’s holdings decreased to 11,369 shares, worth approximately $0.63 million.
As published in their initiating research note from CapitalOne on November 28, 2023, Diamond Offshore Drilling, Inc. [DO] has been an Overweight and the price target has been revised to $20. Analysts at BTIG Research started covering the stock with ‘”a Buy”‘ outlook in a report released in early September.
Analyzing DO Stock Performance
During the last five days, there has been a drop of approximately -0.33%. Over the course of the year, Diamond Offshore Drilling, Inc. shares have jumped approximately 17.92%. Shares of the company reached a 52-week high of $15.70 on 06/28/24 and a 52-week low of $11.02 on 02/28/24. A 50-day SMA is recorded $14.46, while a 200-day SMA reached $13.30. Nevertheless, trading volume fell to 1.21 million shares from 1.57 million shares the previous day.
Support And Resistance Levels for Diamond Offshore Drilling, Inc. (DO)
According to the 24-hour chart, there is a support level at 15.33, which, if violated, would cause prices to drop to 15.23. In the upper region, resistance lies at 15.56. The next price resistance is at 15.69. RSI (Relative Strength Index) is 55.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.00, which suggests the price will decrease in the coming days. Percent R is at 35.90%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
