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Tidewater (TDW) in Focus: Stock Tumbles 8% - Tale of the Tape

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Tidewater Inc. ( TDW ) saw a big move last session, as the company's shares fell by over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for TDW, as the stock is now down 26% in the past one-month time frame.

Although this slump was obviously disappointing, the transport-shipping company has seen 1 positive revision and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for TDW. So make sure to keep an eye on this stock going forward to see if yesterday's price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.

TDW currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Another better-ranked stock in the same sector is Ardmore Shipping Corporation ( ASC ) with a Zacks Rank #1 (Strong Buy).

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TIDEWATER INC (TDW): Free Stock Analysis Report

ARDMORE SHIPPIN (ASC): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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