The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Tidewater Inc shares valued at $72,477 were purchased by ROBOTTI ROBERT on Mar 05 ’25. At $40.95 per share, ROBOTTI ROBERT acquired 1,770 shares. The insider’s holdings grew to 2,183,670 shares worth approximately $87.87 million following the completion of this transaction.
Also, ROBOTTI ROBERT purchased 2,067 shares, netting a total of over 99,758 in proceeds. Following the buying of shares at $48.26 each, the insider now holds 2,181,340 shares.
Before that, Kneen Quintin had added 41,615 shares to its account. In a trade valued at $1,999,921, the DIRECTOR, PRESIDENT & CEO bought Tidewater Inc shares for $48.06 each. Upon closing the transaction, the insider’s holdings increased to 41,615 shares, worth approximately $7.09 million.
As published in a research note from Evercore ISI on January 15, 2025, Tidewater Inc [TDW] has been rated down from an Outperform to an In-line and the price target has been revised to $68 from $112. Analysts at DNB Markets started covering the stock with ‘”a Buy”‘ outlook in a report released in late November. As of November 11, 2024, Raymond James has decreased its “Strong buy” rating to a “an Outperform” for TDW. Earlier on February 09, 2024, Johnson Rice initiated its rating. Their recommendation was “a Buy” for TDW stock.
Analyzing TDW Stock Performance
During the last five days, there has been a drop of approximately -1.30%. Over the course of the year, Tidewater Inc shares have dropped approximately -26.45%. Shares of the company reached a 52-week high of $59.16 on 01/06/25 and a 52-week low of $38.65 on 03/04/25. A 50-day SMA is recorded $51.81, while a 200-day SMA reached $70.54.
Support And Resistance Levels for Tidewater Inc (TDW)
According to the 24-hour chart, there is a support level at 39.76, which, if violated, would cause prices to drop to 39.29. In the upper region, resistance lies at 41.19. The next price resistance is at 42.15. RSI (Relative Strength Index) is 30.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.84, which suggests the price will decrease in the coming days. Percent R is at 88.48%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
