Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Otis Worldwide Corp shares valued at $2,428,771 were purchased by Stephane de Montlivault on Feb 13 ’25. At $97.14 per share, Stephane de Montlivault acquired 25,003 shares.
Also, Marks Judith Fran sold 28,440 shares, netting a total of over 2,723,744 in proceeds. Following the sale of shares at $95.77 each, the insider now holds 230,153 shares.
Before that, LaFreniere Nora E. had sold 1,700 shares from its account. In a trade valued at $163,050, the EVP, General Counsel traded Otis Worldwide Corp shares for $95.91 each. Upon closing the transaction, the insider’s holdings decreased to 1,700 shares, worth approximately $2.44 million.
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 2.05%. Over the course of the year, Otis Worldwide Corp shares have jumped approximately 5.84%. Shares of the company reached a 52-week high of $98.22 on 02/13/25 and a 52-week low of $90.12 on 01/13/25. A 50-day SMA is recorded $95.44, while a 200-day SMA reached $96.99. Nevertheless, trading volume fell to 2.14 million shares from 2.18 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 97.11, which, if violated, would cause prices to drop to 96.20. In the upper region, resistance lies at 98.58. The next price resistance is at 99.13. RSI (Relative Strength Index) is 62.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.36, which suggests the price will increase in the coming days. Percent R is at 3.26%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
