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. Otis Worldwide Corp shares valued at $701,287 were sold by de Montlivault Stephane on Mar 10 ’25. At $105.30 per share, de Montlivault Stephane sold 6,660 shares. The insider’s holdings dropped to 63,931 shares worth approximately $6.57 million following the completion of this transaction.
Also, Stephane De Montlivault purchased 6,660 shares, netting a total of over 701,497 in proceeds.
Before that, de Montlivault Stephane had sold 25,003 shares from its account. In a trade valued at $2,428,771, the President, Otis Asia Pacific traded Otis Worldwide Corp shares for $97.14 each. Upon closing the transaction, the insider’s holdings decreased to 25,003 shares, worth approximately $6.88 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 drop of approximately -0.08%. Over the course of the year, Otis Worldwide Corp shares have jumped approximately 10.88%. Shares of the company reached a 52-week high of $106.83 on 03/10/25 and a 52-week low of $90.12 on 01/13/25. A 50-day SMA is recorded $98.20, while a 200-day SMA reached $97.60.
Support And Resistance Levels for Otis Worldwide Corp (OTIS)
According to the 24-hour chart, there is a support level at 101.62, which, if violated, would cause prices to drop to 100.56. In the upper region, resistance lies at 103.33. The next price resistance is at 103.98. RSI (Relative Strength Index) is 60.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.14, which suggests the price will decrease in the coming days. Percent R is at 55.26%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
