Diamond Offshore Drilling, Inc.’s recently made public that its President and CEO Wolford Bernie G. unloaded Company’s shares for reported $0.56 million on Aug 01 ’24. In the deal valued at $16.42 per share,34,000 shares were sold. As a result of this transaction, Wolford Bernie G. now holds 678,496 shares worth roughly $9.8 million.
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Then, Wolford Bernie G. bought 34,000 shares, generating $558,280 in total proceeds.
Before that, Wolford Bernie G. sold 8,000 shares. Diamond Offshore Drilling, Inc. shares valued at $128,000 were divested by the President and CEO at a price of $16.00 per share. As a result of the transaction, Wolford Bernie G. now holds 712,496 shares, worth roughly $10.3 million.
CapitalOne initiated its Diamond Offshore Drilling, Inc. [DO] rating to an Overweight in a research note published on November 28, 2023; the price target was $20. A number of analysts have revised their coverage, including BTIG Research’s analysts, who began to cover the stock in early September with a ‘”a Buy”‘ rating.
Price Performance Review of DO
On Monday, Diamond Offshore Drilling, Inc. [NYSE:DO] saw its stock jump 0.63% to $14.45. Over the last five days, the stock has gained 0.07%. Diamond Offshore Drilling, Inc. shares have risen nearly 11.15% since the year began. Nevertheless, the stocks have fallen -0.55% over the past one year. While a 52-week high of $17.32 was reached on 07/26/24, a 52-week low of $11.02 was recorded on 02/28/24. SMA at 50 days reached $15.30, while 200 days put it at $13.59.
Levels Of Support And Resistance For DO Stock
The 24-hour chart illustrates a support level at 14.35, which if violated will result in even more drops to 14.26. On the upside, there is a resistance level at 14.62. A further resistance level may holdings at 14.79. The Relative Strength Index (RSI) on the 14-day chart is 42.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.68%. Stochastics %K at 25.00% indicates the stock is a holding.
How much short interest is there in Diamond Offshore Drilling, Inc.?
A steep rise in short interest was recorded in Diamond Offshore Drilling, Inc. stocks on 2024-07-31, growing by 0.19 million shares to a total of 4.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 3.95 million shares. There was a rise of 4.63%, which implies that there is a positive sentiment for the stock.
