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 $6.24 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 $6.54 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 1.66%. Over the course of the year, Otis Worldwide Corp shares have jumped approximately 5.42%. A 50-day SMA is recorded $98.22, while a 200-day SMA reached $97.75.
Support And Resistance Levels for Otis Worldwide Corp (OTIS)
RSI (Relative Strength Index) is 51.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.65, which suggests the price will decrease in the coming days. Percent R is at 42.63%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
