Otis Worldwide Corp’s recently made public that its Officer Anurag Maheshwari acquired Company’s shares for reported $3.13 million on Sep 16 ’24. In the deal valued at $94.89 per share,32,987 shares were bought.
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Then, Anurag Maheshwari bought 35,546 shares, generating $3,376,870 in total proceeds.
Before that, Zheng Peiming sold 30,364 shares. Otis Worldwide Corp shares valued at $2,844,682 were divested by the EVP, Chief Product, Delivery at a price of $93.69 per share. As a result of the transaction, Zheng Peiming now holds 15,570 shares, worth roughly $1.55 million.
Wolfe Research downgraded its Otis Worldwide Corp [OTIS] rating to a Peer perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in early September with a ‘”an Equal-weight”‘ rating. Melius began covering OTIS with “Hold” recommendation on April 02, 2024. Argus revised its rating on February 22, 2024. It rated OTIS as “a Buy” which previously was an “a Hold”.
Price Performance Review of OTIS
On Monday, Otis Worldwide Corp [NYSE:OTIS] saw its stock unchanged to $99.44. Over the last five days, the stock has lost -1.98%. Otis Worldwide Corp shares have risen nearly 11.14% since the year began. Nevertheless, the stocks have risen 26.43% over the past one year. While a 52-week high of $106.33 was reached on 10/17/24, a 52-week low of $77.51 was recorded on 01/17/24. SMA at 50 days reached $99.21, while 200 days put it at $96.23.
Levels Of Support And Resistance For OTIS Stock
The 24-hour chart illustrates a support level at 98.95, which if violated will result in even more drops to 98.46. On the upside, there is a resistance level at 100.12. A further resistance level may holdings at 100.81. The Relative Strength Index (RSI) on the 14-day chart is 42.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.68%. Stochastics %K at 28.26% indicates the stock is a holding.
How much short interest is there in Otis Worldwide Corp?
A steep rise in short interest was recorded in Otis Worldwide Corp stocks on 2024-10-15, growing by 1.69 million shares to a total of 8.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 6.72 million shares. There was a rise of 20.11%, which implies that there is a positive sentiment for the stock.
