In a filing, Otter Tail Corporation revealed its VP, General Council & Corp Sec Smestad Jennifer O. unloaded Company’s shares for reported $0.35 million on Aug 13 ’24. In the deal valued at $88.74 per share,4,000 shares were sold. As a result of this transaction, Smestad Jennifer O. now holds 12,300 shares worth roughly $0.98 million.
Then, Smestad Jennifer O. bought 4,000 shares, generating $351,673 in total proceeds.
Before that, KNUTSON PAUL L sold 4,000 shares. Otter Tail Corporation shares valued at $362,640 were divested by the VP, Human Resources at a price of $90.66 per share. As a result of the transaction, KNUTSON PAUL L now holds 20,359 shares, worth roughly $1.62 million.
Siebert Williams Shank downgraded its Otter Tail Corporation [OTTR] rating to a Sell from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Maxim Group’s analysts, who decreased its forecast for the stock in early May from “a Buy” to “a Hold”. Siebert Williams Shank also remained covering OTTR and has increased its forecast on November 28, 2022 with a “Hold” recommendation from previously “Sell” rating. Siebert Williams Shank revised its rating on August 03, 2022. It rated OTTR as “a Sell” which previously was an “a Hold”.
Price Performance Review of OTTR
On Friday, Otter Tail Corporation [NASDAQ:OTTR] saw its stock jump 2.03% to $79.43. Over the last five days, the stock has gained 8.97%. Otter Tail Corporation shares have risen nearly 7.57% since the year began. Nevertheless, the stocks have fallen -5.27% over the past one year. While a 52-week high of $100.84 was reached on 01/17/25, a 52-week low of $71.66 was recorded on 01/10/25. SMA at 50 days reached $77.87, while 200 days put it at $83.62.
Levels Of Support And Resistance For OTTR Stock
The 24-hour chart illustrates a support level at 78.34, which if violated will result in even more drops to 77.24. On the upside, there is a resistance level at 80.04. A further resistance level may holdings at 80.64. The Relative Strength Index (RSI) on the 14-day chart is 61.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.15, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.52%. Stochastics %K at 85.09% indicates the stock is a selling.
How much short interest is there in Otter Tail Corporation?
A steep rise in short interest was recorded in Otter Tail Corporation stocks on 2024-12-31, growing by 0.24 million shares to a total of 4.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 4.14 million shares. There was a rise of 5.4%, which implies that there is a positive sentiment for the stock.
