In a filing, Otis Worldwide Corp revealed its President, Otis Asia Pacific de Montlivault Stephane unloaded 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 sold. As a result of this transaction, de Montlivault Stephane now holds 66,968 shares worth roughly $6.97 million.
Then, Stephane de Montlivault bought 25,003 shares, generating $2,428,771 in total proceeds.
Before that, Marks Judith Fran sold 28,440 shares. Otis Worldwide Corp shares valued at $2,723,744 were divested by the Chair, CEO and President at a price of $95.77 per share. As a result of the transaction, Marks Judith Fran now holds 230,153 shares, worth roughly $23.94 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 jump 1.40% to $104.01. Over the last five days, the stock has gained 4.24%. Otis Worldwide Corp shares have risen nearly 12.31% since the year began. Nevertheless, the stocks have risen 10.02% over the past one year. While a 52-week high of $106.33 was reached on 03/07/25, a 52-week low of $90.12 was recorded on 01/13/25. SMA at 50 days reached $95.88, while 200 days put it at $97.37.
Levels Of Support And Resistance For OTIS Stock
The 24-hour chart illustrates a support level at 102.25, which if violated will result in even more drops to 100.49. On the upside, there is a resistance level at 105.15. A further resistance level may holdings at 106.29. The Relative Strength Index (RSI) on the 14-day chart is 70.50, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.87, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.62%. Stochastics %K at 93.28% indicates the stock is a selling.
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.
