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Oceaneering International (NYSE:OII) SVP Sells $400,664.64 in Stock
Oceaneering International (NYSE:OII) SVP Jennifer Fremont Simons sold 10,284 shares of company stock for a total of $400,664.64, reducing her stake by over 22%. This comes amidst several other insider sales by senior executives and a director this week which could negatively impact investor sentiment. Despite recent analyst upgrades and a moderate buy rating, the stock is trading near its 52-week high, and the insider selling activity is noted as a potential concern.