Tidewater Inc.’s filing revealed 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 $8.21 million.
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Then, Kneen Quintin sold 166,000 shares, generating $17,223,496 in total proceeds. Upon selling the shares at $103.76, the DIRECTOR, PRESIDENT & CEO now owns 335,718 shares.
Before that, Traub Kenneth sold 20,000 shares. Tidewater Inc. shares valued at $2,127,606 were divested by the Director at a price of $106.38 per share. As a result of the transaction, Traub Kenneth now holds 68,802 shares, worth roughly $4.2 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 -0.93% to $61.02. Over the last five days, the stock has lost -1.85%. Tidewater Inc. shares have fallen nearly -15.38% since the year began. Nevertheless, the stocks have fallen -11.71% over the past one year. While a 52-week high of $111.42 was reached on 05/07/24, a 52-week low of $54.53 was recorded on 10/24/24. SMA at 50 days reached $74.25, while 200 days put it at $85.62.
Levels Of Support And Resistance For TDW Stock
The 24-hour chart illustrates a support level at 59.99, which if violated will result in even more drops to 58.96. On the upside, there is a resistance level at 62.21. A further resistance level may holdings at 63.40. The Relative Strength Index (RSI) on the 14-day chart is 27.28, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.66%. Stochastics %K at 10.98% indicates the stock is a buying.
How much short interest is there in Tidewater Inc.?
A steep rise in short interest was recorded in Tidewater Inc. stocks on 2024-10-15, growing by 1.46 million shares to a total of 5.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.13 million shares. There was a rise of 26.14%, which implies that there is a positive sentiment for the stock.
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.
