Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Tidewater Inc. shares valued at $21,288,816 were sold by Kneen Quintin on Jun 12 ’24. At $105.86 per share, Kneen Quintin sold 201,094 shares. The insider’s holdings dropped to 134,624 shares worth approximately $13.47 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Traub Kenneth sold 20,000 shares, netting a total of over 2,127,606 in proceeds. Following the sale of shares at $106.38 each, the insider now holds 68,802 shares.
Before that, Kneen Quintin had sold 166,000 shares from its account. In a trade valued at $17,223,496, the DIRECTOR, PRESIDENT & CEO traded Tidewater Inc. shares for $103.76 each. Upon closing the transaction, the insider’s holdings decreased to 166,000 shares, worth approximately $33.59 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 -2.36%. Over the course of the year, Tidewater Inc. shares have jumped approximately 38.76%. 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 $99.63, while a 200-day SMA reached $81.45. Nevertheless, trading volume fell to 0.84 million shares from 0.72 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 97.24, which, if violated, would cause prices to drop to 94.41. In the upper region, resistance lies at 102.55. The next price resistance is at 105.03. RSI (Relative Strength Index) is 51.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.86, which suggests the price will decrease in the coming days. Percent R is at 50.45%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
