In a filing, Otis Worldwide Corp revealed its President, Otis Asia Pacific de Montlivault Stephane unloaded Company’s shares for reported $0.7 million on Mar 10 ’25. In the deal valued at $105.30 per share,6,660 shares were sold. As a result of this transaction, de Montlivault Stephane now holds 63,931 shares worth roughly $6.53 million.
Then, Stephane De Montlivault bought 6,660 shares, generating $701,497 in total proceeds.
Before that, de Montlivault Stephane sold 25,003 shares. Otis Worldwide Corp shares valued at $2,428,771 were divested by the President, Otis Asia Pacific at a price of $97.14 per share. As a result of the transaction, de Montlivault Stephane now holds 66,968 shares, worth roughly $6.84 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 -0.87% to $102.11. Over the last five days, the stock has gained 0.89%. Otis Worldwide Corp shares have risen nearly 10.26% since the year began. Nevertheless, the stocks have risen 3.53% over the past one year. While a 52-week high of $106.83 was reached on 03/10/25, a 52-week low of $90.12 was recorded on 01/13/25. SMA at 50 days reached $98.62, while 200 days put it at $97.65.
Levels Of Support And Resistance For OTIS Stock
The 24-hour chart illustrates a support level at 101.62, which if violated will result in even more drops to 101.12. On the upside, there is a resistance level at 102.97. A further resistance level may holdings at 103.82. The Relative Strength Index (RSI) on the 14-day chart is 56.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.12, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 38.72%. Stochastics %K at 51.68% indicates the stock is a holding.
How much short interest is there in Otis Worldwide Corp?
A steep rise in short interest was recorded in Otis Worldwide Corp stocks on 2025-03-14, dropping by 51318.0 shares to a total of 7.19 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 7.24 million shares. There was a decline of -0.71%, 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.
