The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Oceaneering International, Inc. shares valued at $75,702 were sold by Beachy Karen H on Sep 10 ’24. At $22.94 per share, Beachy Karen H sold 3,300 shares. The insider’s holdings dropped to 28,229 shares worth approximately $0.73 million following the completion of this transaction.
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Also, Beachy Karen H purchased 3,300 shares, netting a total of over 75,702 in proceeds.
Before that, MCEVOY M KEVIN had sold 9,675 shares from its account. In a trade valued at $252,711, the Director traded Oceaneering International, Inc. shares for $26.12 each. Upon closing the transaction, the insider’s holdings decreased to 9,675 shares, worth approximately $3.66 million.
As published in their initiating research note from The Benchmark Company on January 19, 2023, Oceaneering International, Inc. [OII] has been a Buy and the price target has been revised to $25. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early October. As of February 01, 2022, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for OII. Earlier on May 05, 2021, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for OII stock which previously was a “a Neutral”.
Analyzing OII Stock Performance
During the last five days, there has been a drop of approximately -1.45%. Over the course of the year, Oceaneering International, Inc. shares have jumped approximately 21.24%. Shares of the company reached a 52-week high of $30.45 on 07/31/24 and a 52-week low of $18.95 on 01/11/24. A 50-day SMA is recorded $25.64, while a 200-day SMA reached $23.40. Nevertheless, trading volume fell to 0.69 million shares from 0.66 million shares the previous day.
Support And Resistance Levels for Oceaneering International, Inc. (OII)
According to the 24-hour chart, there is a support level at 25.34, which, if violated, would cause prices to drop to 24.88. In the upper region, resistance lies at 26.04. The next price resistance is at 26.28. RSI (Relative Strength Index) is 52.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.07, which suggests the price will decrease in the coming days. Percent R is at 38.81%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
