Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Otis Worldwide Corp shares valued at $450,815 were sold by LaFreniere Nora E. on Feb 05 ’25. At $94.41 per share, LaFreniere Nora E. sold 4,775 shares. The insider’s holdings dropped to 24,927 shares worth approximately $2.39 million following the completion of this transaction.
Also, Marks Judith Fran sold 38,012 shares, netting a total of over 3,588,789 in proceeds. Following the sale of shares at $94.41 each, the insider now holds 245,883 shares.
Before that, Marks Judith Fran had added 66,452 shares to its account. In a trade valued at $6,251,804, the Officer bought Otis Worldwide Corp shares for $94.08 each.
As published in a research note from Wolfe Research on December 12, 2024, Otis Worldwide Corp [OTIS] has been rated down from a Peer perform to an Underperform and the price target has been revised to $104. Analysts at Barclays downgraded the stock from ‘”an Equal weight”‘ to ‘”an Underweight”‘ outlook in a report released in early December. Earlier on October 08, 2024, Wolfe Research downgraded its rating. Their new recommendation was “a Peer perform” for OTIS stock which previously was a “an Outperform”.
Analyzing OTIS Stock Performance
During the last five days, there has been a surge of approximately 0.72%. Over the course of the year, Otis Worldwide Corp shares have jumped approximately 3.71%. Shares of the company reached a 52-week high of $97.95 on 01/27/25 and a 52-week low of $90.12 on 01/13/25. A 50-day SMA is recorded $96.02, while a 200-day SMA reached $96.94. Nevertheless, trading volume fell to 1.75 million shares from 1.42 million shares the previous day.
Support And Resistance Levels for Otis Worldwide Corp (OTIS)
According to the 24-hour chart, there is a support level at 95.27, which, if violated, would cause prices to drop to 94.48. In the upper region, resistance lies at 96.45. The next price resistance is at 96.84. RSI (Relative Strength Index) is 55.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.50, which suggests the price will decrease in the coming days. Percent R is at 31.56%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
