Tidewater Inc’s filing revealed that its Director ROBOTTI ROBERT acquired Company’s shares for reported $99758.0 on Dec 17 ’24. In the deal valued at $48.26 per share,2,067 shares were bought. As a result of this transaction, ROBOTTI ROBERT now holds 2,181,340 shares worth roughly $123.09 million.
Then, Kneen Quintin bought 41,615 shares, generating $1,999,921 in total proceeds. Upon buying the shares at $48.06, the DIRECTOR, PRESIDENT & CEO now owns 176,239 shares.
Before that, ROBOTTI ROBERT bought 17,147 shares. Tidewater Inc shares valued at $815,985 were divested by the Director at a price of $47.59 per share. As a result of the transaction, ROBOTTI ROBERT now holds 2,175,273 shares, worth roughly $122.75 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 fall -0.05% to $56.43. Over the last five days, the stock has gained 9.64%. Tidewater Inc shares have risen nearly 3.14% since the year began. Nevertheless, the stocks have fallen -16.29% over the past one year. While a 52-week high of $111.42 was reached on 01/06/25, a 52-week low of $46.50 was recorded on 01/03/25. SMA at 50 days reached $53.46, while 200 days put it at $80.75.
Levels Of Support And Resistance For TDW Stock
The 24-hour chart illustrates a support level at 55.33, which if violated will result in even more drops to 54.22. On the upside, there is a resistance level at 58.35. A further resistance level may holdings at 60.26. The Relative Strength Index (RSI) on the 14-day chart is 63.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.35, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.12%. Stochastics %K at 85.41% indicates the stock is a selling.
How much short interest is there in Tidewater Inc?
A steep rise in short interest was recorded in Tidewater Inc stocks on 2024-12-13, dropping by 33819.0 shares to a total of 5.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 5.91 million shares. There was a decline of -0.58%, which implies that there is a negative 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.
