Examining the Potential Price Growth of Otis Worldwide Corp (OTIS)

Otis Worldwide Corp’s recent filing unveils that 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 $6.14 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 $6.43 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 Monday, Otis Worldwide Corp [NYSE:OTIS] saw its stock jump 2.01%% to $95.98. Over the last five days, the stock has gained 0.17%. Otis Worldwide Corp shares have fallen nearly -0.54% since the year began. Nevertheless, the stocks have risen 3.64% over the past one year. While a 52-week high of $106.83 was reached on 03/10/25, a 52-week low of $89.70 was recorded on 04/08/25.

Levels Of Support And Resistance For OTIS Stock

The 24-hour chart illustrates a support level at 94.55, which if violated will result in even more drops to 93.11. On the upside, there is a resistance level at 96.74. A further resistance level may holdings at 97.49.

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.

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