Otis Worldwide Corp’s filing revealed that its SVP, CAO & Controller Ryan Michael Patrick unloaded Company’s shares for reported $0.57 million on Nov 08 ’24. In the deal valued at $100.95 per share,5,638 shares were sold. As a result of this transaction, Ryan Michael Patrick now holds 756 shares worth roughly $75448.8.
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Then, Luersman Abbe sold 9,000 shares, generating $909,209 in total proceeds. Upon selling the shares at $101.02, the EVP & CPO now owns 9,992 shares.
Before that, Michael Ryan bought 5,638 shares. Otis Worldwide Corp shares valued at $569,000 were divested by the Officer at a price of $100.92 per share.
Barclays downgraded its Otis Worldwide Corp [OTIS] rating to an Underweight from a an Equal weight in a research note published recently. Wolfe Research also remained covering OTIS and has decreased its forecast on October 08, 2024 with a “Peer perform” recommendation from previously “an Outperform” rating. Morgan Stanley started covering the stock on September 06, 2024. It rated OTIS as “an Equal-weight”.
Price Performance Review of OTIS
On Friday, Otis Worldwide Corp [NYSE:OTIS] saw its stock jump 0.69% to $99.80. Over the last five days, the stock has lost -3.09%. Otis Worldwide Corp shares have risen nearly 11.55% since the year began. Nevertheless, the stocks have risen 15.44% over the past one year. While a 52-week high of $106.33 was reached on 10/17/24, a 52-week low of $85.42 was recorded on 01/17/24. SMA at 50 days reached $101.94, while 200 days put it at $97.43.
Levels Of Support And Resistance For OTIS Stock
The 24-hour chart illustrates a support level at 99.26, which if violated will result in even more drops to 98.72. On the upside, there is a resistance level at 100.39. A further resistance level may holdings at 100.98. The Relative Strength Index (RSI) on the 14-day chart is 45.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.55%. Stochastics %K at 29.42% 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 2024-11-15, growing by 0.46 million shares to a total of 8.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 8.41 million shares. There was a rise of 5.19%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 02, 2024 when Melius began covering the stock and recommended ‘”a Hold”‘ rating.
