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 $121.5 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 $121.16 million.
Evercore ISI downgraded its Tidewater Inc [TDW] rating to an In-line from a an Outperform in a research note published on January 15, 2025; the price target was decreased to $68 from $112. A number of analysts have revised their coverage, including DNB Markets’s analysts, who began to cover the stock in late November with a ‘”a Buy”‘ rating. Raymond James also remained covering TDW and has decreased its forecast on November 11, 2024 with a “an Outperform” recommendation from previously “Strong buy” rating. Johnson Rice started covering the stock on February 09, 2024. It rated TDW as “a Buy”.
Price Performance Review of TDW
On Friday, Tidewater Inc [NYSE:TDW] saw its stock jump 0.60% to $55.70. Over the last five days, the stock has gained 0.43%. Tidewater Inc shares have risen nearly 1.81% since the year began. Nevertheless, the stocks have fallen -17.70% 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 01/14/25. SMA at 50 days reached $52.74, while 200 days put it at $79.30.
Levels Of Support And Resistance For TDW Stock
The 24-hour chart illustrates a support level at 54.23, which if violated will result in even more drops to 52.75. On the upside, there is a resistance level at 56.69. A further resistance level may holdings at 57.67. The Relative Strength Index (RSI) on the 14-day chart is 56.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.94%. Stochastics %K at 66.18% indicates the stock is a holding.
How much short interest is there in Tidewater Inc?
A steep rise in short interest was recorded in Tidewater Inc stocks on 2024-12-31, growing by 1.49 million shares to a total of 7.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 5.63 million shares. There was a rise of 20.92%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 30, 2024 when Pickering Energy Partners began covering the stock and recommended ‘”an Outperform”‘ rating .
