Nabors Industries Ltd Shares Close the Week 22.3% Lower - Weekly Wrap
Nabors Industries Ltd (NBR) shares closed this week 22.3% lower than it did at the end of last week. The stock is currently up 73.5% year-to-date, up 14.4% over the past 12 months, and down 61.7% over the past five years. This week, the Dow Jones Industrial Average fell 7.2%, and the SP 500 fell 8.7%. Trading Activity Shares traded as high as $182.47 and as low as $139.28 this week.Shares closed 36.0% below its 52-week high and 102.6% above its 52-week low.Trading volume this week was 29.9% higher than the 10-day average and 37.2% higher than the 30-day average.Beta, a measure of the stock’s volatility relative to the overall market stands at 1.4. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company#39
Nabors Industries Ltd Shares Close the Week 22.3% Lower - Weekly Wrap
Nabors Industries Ltd (NBR) shares closed this week 22.3% lower than it did at the end of last week. The stock is currently up 73.5% year-to-date, up 14.4% over the past 12 months, and down 61.7% over the past five years. This week, the Dow Jones Industrial Average fell 7.2%, and the SP 500 fell 8.7%. Trading Activity Shares traded as high as $182.47 and as low as $139.28 this week.Shares closed 36.0% below its 52-week high and 102.6% above its 52-week low.Trading volume this week was 29.9% higher than the 10-day average and 37.2% higher than the 30-day average.Beta, a measure of the stock’s volatility relative to the overall market stands at 1.4. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company#39