Tidewater Inc. (TDW) Has Another Very Strong Trading Session

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: “Tidewater Will File For Bankruptcy By May 17 – Seeking Alpha” on May 12, 2017, also Prnewswire.com with their article: “David Darling and Mark Parker join Tidewater’s Management Team – PR Newswire” published on March 21, 2018, Seekingalpha.com published: “Tidewater: Is The Punishment Deserved? – Seeking Alpha” on May 16, 2018. More interesting news about Tidewater Inc. (NYSE:TDW) were released by: Streetinsider.com and their article: “Tidewater (TDW) Announces Retirement of CEO, President & Director Jeffrey Platt; Board Appoints Larry Rigdon as Interim CEO & President – StreetInsider.com” published on October 16, 2017 as well as Seekingalpha.com‘s news article titled: “Tidewater Filed For Ch.11 Bankruptcy – Some Insight – Seeking Alpha” with publication date: May 19, 2017.

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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