The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Tidewater Inc shares valued at $99,758 were purchased by ROBOTTI ROBERT on Dec 17 ’24. At $48.26 per share, ROBOTTI ROBERT acquired 2,067 shares. The insider’s holdings grew to 2,181,340 shares worth approximately $107.8 million following the completion of this transaction.
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Also, Kneen Quintin purchased 41,615 shares, netting a total of over 1,999,921 in proceeds. Following the buying of shares at $48.06 each, the insider now holds 176,239 shares.
Before that, ROBOTTI ROBERT had added 17,147 shares to its account. In a trade valued at $815,985, the Director bought Tidewater Inc shares for $47.59 each. Upon closing the transaction, the insider’s holdings increased to 17,147 shares, worth approximately $107.5 million.
As published in their initiating research note from DNB Markets on November 29, 2024, Tidewater Inc [TDW] has been a Buy and the price target has been revised to $70. Analysts at Raymond James downgraded the stock from ‘”a Strong buy”‘ to ‘”an Outperform”‘ outlook in a report released in mid November. As of February 09, 2024, Johnson Rice has initiated its “Buy” rating for TDW. Earlier on January 30, 2024, Pickering Energy Partners initiated its rating. Their recommendation was “an Outperform” for TDW stock.
Analyzing TDW Stock Performance
During the last five days, there has been a surge of approximately 0.18%. Over the course of the year, Tidewater Inc shares have dropped approximately -31.47%. Shares of the company reached a 52-week high of $111.42 on 05/07/24 and a 52-week low of $46.50 on 12/06/24. A 50-day SMA is recorded $56.13, while a 200-day SMA reached $82.51. Nevertheless, trading volume fell to 1.72 million shares from 2.38 million shares the previous day.
Support And Resistance Levels for Tidewater Inc (TDW)
According to the 24-hour chart, there is a support level at 47.51, which, if violated, would cause prices to drop to 45.61. In the upper region, resistance lies at 52.66. The next price resistance is at 55.91. RSI (Relative Strength Index) is 44.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.35, which suggests the price will decrease in the coming days. Percent R is at 61.07%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
