Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Oceaneering International, Inc shares valued at $56,240 were sold by GRANATO LEONARDO P on Nov 07 ’24. At $28.12 per share, GRANATO LEONARDO P sold 2,000 shares. The insider’s holdings dropped to 19,860 shares worth approximately $0.57 million following the completion of this transaction.
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Also, GRANATO LEONARDO P purchased 2,000 shares, netting a total of over 56,240 in proceeds.
Before that, Beachy Karen H had sold 3,300 shares from its account. In a trade valued at $75,702, the Director traded Oceaneering International, Inc shares for $22.94 each. Upon closing the transaction, the insider’s holdings decreased to 3,300 shares, worth approximately $0.81 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 surge of approximately 4.57%. Over the course of the year, Oceaneering International, Inc shares have jumped approximately 35.39%. 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 $25.81, while a 200-day SMA reached $24.22. Nevertheless, trading volume fell to 0.51 million shares from 0.5 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 28.26, which, if violated, would cause prices to drop to 27.70. In the upper region, resistance lies at 29.26. The next price resistance is at 29.70. RSI (Relative Strength Index) is 63.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.43, which suggests the price will decrease in the coming days. Percent R is at 8.76%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
