Could Tidewater Inc. (TDW) Change Direction After Today’s Significant Increase?

The stock of Tidewater Inc. (NYSE:TDW) is a huge mover today! The stock increased 4.84% or $1.07 during the last trading session, reaching $23.11. About 208,227 shares traded or 18.64% up from the average. Tidewater Inc. (NYSE:TDW) has declined 5.60% since May 8, 2018 and is downtrending. It has underperformed by 9.97% the S&P500.
The move comes after 7 months positive chart setup for the $861.67 million company. It was reported on May, 8 by Barchart.com. We have $24.27 PT which if reached, will make NYSE:TDW worth $43.08M more.

More notable recent Tidewater Inc. (NYSE:TDW) news were published by: Seekingalpha.com which released: “Nordic American Offshore’s Stock Could Double Within Months – Seeking Alpha” on April 22, 2019, also Seekingalpha.com with their article: “Tidewater Filed For Ch.11 Bankruptcy – Some Insight – Seeking Alpha” published on May 19, 2017, Businesswire.com published: “Tidewater Announces Extension of Expiration Time of Tender Offer – Business Wire” on January 11, 2019. More interesting news about Tidewater Inc. (NYSE:TDW) were released by: Investorplace.com and their article: “7 Stocks That Won’t Be Around a Year From Now – Investorplace.com” published on December 27, 2016 as well as Seekingalpha.com‘s news article titled: “Go With The Flow – Jump On Tidewater – Seeking Alpha” with publication date: July 10, 2018.

Tidewater Inc. provides offshore service vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. The company has market cap of $861.67 million. It provides services in support of offshore exploration, field development, and production, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, remotely operated vehicle operations, and seismic and subsea support; and various specialized services, such as pipe and cable laying. It currently has negative earnings. The firm operates and charters deepwater vessels, including platform supply and anchor handling towing supply vessels for use in transporting supplies and equipment from shore bases to deepwater and intermediate water depth offshore drilling rigs and production platforms; towing-supply vessels for use in intermediate and shallow waters; and crew boats and utility vessels to transport personnel and supplies from shore bases to offshore drilling rigs, platforms, and other installations.

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