Shares of Diamond Offshore Drilling (DO) Sees Large Inflow of Net Money Flow

Diamond Offshore Drilling (DO) : Fridays money flow indicated an uptick to downtick ratio was at 1.62. The total value of inflow transactions on upticks was $7.53 million, whereas, the total value of outflow trades on downticks was $4.65 million. The total money flow was $2.88 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $2.5 million. The total value of the trades done on upticks was $2.5 million. Diamond Offshore Drilling (DO) was trading with a -1.59% change over previous days close. It fell $0.38 during the day and reached $23.52. The stock was -8.98% compared to the previous weeks close.


Diamond Offshore Drilling (DO) : The most positive equity analysts on Diamond Offshore Drilling (DO) expects the shares to touch $34, whereas, the least positive believes that the stock will trade at $14 in the short term. The company is covered by 15 Wall Street Brokerage Firms. The average price target for shares are $21.8 with an expected fluctuation of $6.01 from the mean.

Diamond Offshore Drilling (NYSE:DO): On Fridays trading session , Opening price of the stock was $24.02 with an intraday high of $24.02. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $23.29. However, the stock managed to close at $23.52, a loss of 1.59% for the day. On the previous day, the stock had closed at $23.9. The total traded volume of the day was 1,778,016 shares.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Diamond Offshore Drilling Inc, Grebow Edward, had purchased 3,000 shares in a transaction dated on August 7, 2015. The transaction was executed at $21.99 per share with total amount equaling $65,970.

Diamond Offshore Drilling, Inc. is a company engaged in offshore drilling and providing contract drilling services to the energy industry. The Company has a fleet of 38 offshore drilling rigs, including 27 semisubmersibles, six jack-ups and five drillships. The Companys diverse fleet enables the Company to offer a range of services around the world in both the floater market (ultra-deepwater, deepwater and mid-water) and the non-floater, or jack-up, market. The Companys floater fleet (semisubmersibles and drillships) is of three types: ultra-deepwater, deepwater, and mid-water. Jack-up rigs are mobile, self-elevating drilling platforms equipped with legs that are lowered to the ocean floor. The Companys jack-ups are used for drilling in water depths from 20 feet to 350 feet. All of the Companys jack-up rigs are equipped with a cantilever system that enables the rig to extend its drilling package over the aft end of the rig.

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