Otis Worldwide Corp’s recently made public that its Officer Stephane de Montlivault acquired Company’s shares for reported $2.43 million on Feb 13 ’25. In the deal valued at $97.14 per share,25,003 shares were bought.
Then, Marks Judith Fran sold 28,440 shares, generating $2,723,744 in total proceeds. Upon selling the shares at $95.77, the Chair, CEO and President now owns 230,153 shares.
Before that, LaFreniere Nora E. sold 1,700 shares. Otis Worldwide Corp shares valued at $163,050 were divested by the EVP, General Counsel at a price of $95.91 per share. As a result of the transaction, LaFreniere Nora E. now holds 24,927 shares, worth roughly $2.41 million.
Wolfe Research downgraded its Otis Worldwide Corp [OTIS] rating to an Underperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in early December from “an Equal weight” to “an Underweight”. Wolfe Research revised its rating on October 08, 2024. It rated OTIS as “a Peer perform” which previously was an “an Outperform”.
Price Performance Review of OTIS
On Friday, Otis Worldwide Corp [NYSE:OTIS] saw its stock fall -1.31% to $96.74. Over the last five days, the stock has gained 2.01%. Otis Worldwide Corp shares have risen nearly 4.46% since the year began. Nevertheless, the stocks have risen 7.38% over the past one year. While a 52-week high of $106.33 was reached on 02/13/25, a 52-week low of $90.12 was recorded on 01/13/25. SMA at 50 days reached $95.34, while 200 days put it at $97.01.
Levels Of Support And Resistance For OTIS Stock
The 24-hour chart illustrates a support level at 96.20, which if violated will result in even more drops to 95.65. On the upside, there is a resistance level at 97.67. A further resistance level may holdings at 98.59. The Relative Strength Index (RSI) on the 14-day chart is 55.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.46, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.59%. Stochastics %K at 84.35% indicates the stock is a selling.
How much short interest is there in Otis Worldwide Corp?
A steep rise in short interest was recorded in Otis Worldwide Corp stocks on 2025-01-31, dropping by -0.96 million shares to a total of 6.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 7.07 million shares. There was a decline of -15.67%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 06, 2024 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $97 price target.
