Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Otis Worldwide Corp shares valued at $2,428,771 were sold by de Montlivault Stephane on Feb 13 ’25. At $97.14 per share, de Montlivault Stephane sold 25,003 shares. The insider’s holdings dropped to 66,968 shares worth approximately $6.63 million following the completion of this transaction.
Also, Stephane de Montlivault purchased 25,003 shares, netting a total of over 2,428,771 in proceeds.
Before that, Marks Judith Fran had sold 28,440 shares from its account. In a trade valued at $2,723,744, the Chair, CEO and President traded Otis Worldwide Corp shares for $95.77 each. Upon closing the transaction, the insider’s holdings decreased to 28,440 shares, worth approximately $22.79 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 2.37%. Over the course of the year, Otis Worldwide Corp shares have jumped approximately 6.93%. Shares of the company reached a 52-week high of $99.18 on 02/20/25 and a 52-week low of $90.12 on 01/13/25. A 50-day SMA is recorded $95.21, while a 200-day SMA reached $97.11. Nevertheless, trading volume fell to 1.76 million shares from 1.77 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 98.19, which, if violated, would cause prices to drop to 97.35. In the upper region, resistance lies at 99.53. The next price resistance is at 100.02. RSI (Relative Strength Index) is 63.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.96, which suggests the price will increase in the coming days. Percent R is at 2.46%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
