In a filing, Tidewater Inc revealed 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 $6.38 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 $3.26 million.
DNB Markets initiated its Tidewater Inc [TDW] rating to a Buy in a research note published on November 29, 2024; the price target was $70. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in mid November from “a Strong buy” to “an Outperform”. Johnson Rice began covering TDW with “Buy” recommendation on February 09, 2024. Pickering Energy Partners started covering the stock on January 30, 2024. It rated TDW as “an Outperform”.
Price Performance Review of TDW
On Monday, Tidewater Inc [NYSE:TDW] saw its stock jump 0.79% to $47.37. Over the last five days, the stock has lost -7.88%. Tidewater Inc shares have fallen nearly -34.31% since the year began. Nevertheless, the stocks have fallen -18.47% over the past one year. While a 52-week high of $111.42 was reached on 05/07/24, a 52-week low of $46.50 was recorded on 12/06/24. SMA at 50 days reached $59.30, while 200 days put it at $83.45.
Levels Of Support And Resistance For TDW Stock
The 24-hour chart illustrates a support level at 46.77, which if violated will result in even more drops to 46.16. On the upside, there is a resistance level at 48.43. A further resistance level may holdings at 49.48. The Relative Strength Index (RSI) on the 14-day chart is 29.79, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.92%. Stochastics %K at 11.48% 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 2024-11-15, growing by 0.31 million shares to a total of 5.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 5.6 million shares. There was a rise of 5.24%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 14, 2023 when Raymond James began covering the stock and recommended ‘”a Strong buy”‘ rating along with a $85 price target.
