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. 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 $0.54 million following the completion of this transaction.
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 $0.77 million.
As published in a research note from Citigroup on January 10, 2025, Oceaneering International, Inc [OII] has been rated down from a Buy to a Neutral and the price target has been revised to $30. Analysts at Barclays upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid December. As of January 19, 2023, The Benchmark Company has initiated its “Buy” rating for OII. Earlier on October 06, 2022, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for OII stock which previously was a “an Overweight”.
Analyzing OII Stock Performance
During the last five days, there has been a drop of approximately -2.94%. Over the course of the year, Oceaneering International, Inc shares have jumped approximately 3.95%. Shares of the company reached a 52-week high of $28.31 on 01/06/25 and a 52-week low of $25.39 on 01/14/25. A 50-day SMA is recorded $27.15, while a 200-day SMA reached $25.20. Nevertheless, trading volume fell to 0.54 million shares from 1.41 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 26.63, which, if violated, would cause prices to drop to 26.15. In the upper region, resistance lies at 27.41. The next price resistance is at 27.71. RSI (Relative Strength Index) is 54.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.03, which suggests the price will decrease in the coming days. Percent R is at 31.37%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
