NOW (DNOW) Shares are Up 0.2%

NOW (DNOW) has been under a strong bear grip, hence the stock is down -1.98% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.14% in the past 1 week. The stock has risen by 0.2% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.97% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 4.56% and the 50-Day Moving Average is 7.87%. NOW (NYSE:DNOW): On Fridays trading session , Opening price of the stock was $21.03 with an intraday high of $21.03. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $20.4. However, the stock managed to close at $20.47, a loss of 2.66% for the day. On the previous day, the stock had closed at $21.03. The total traded volume of the day was 737,190 shares.

NOW

The company Insiders own 3.3% of NOW shares according to the proxy statements. Institutional Investors own 96.87% of NOW shares. Also, Major Brokerage house, JP Morgan maintains its ratings on NOW (NYSE:DNOW). In the latest research report, JP Morgan raises the target price from $12 per share to $14 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on May 5, 2016.

NOW Inc. (NOW) is a global distributor to energy and industrial markets. The Company operates through three segments: United States (U.S.), Canada and International. The Company operates primarily under the DistributionNOW and Wilson Export brands. Its energy product offering is needed throughout all sectors of the oil and gas industry, from upstream drilling and completion, exploration and production (E&P), midstream infrastructure development to downstream petroleum refining, as well as in other industries. It also provides supply chain management to drilling contractors, E&P operators, midstream operators, downstream energy and industrial manufacturing companies around the world. The Companys global product offering includes consumable maintenance, repair and operating (MRO) supplies, pipe, valves, fittings, flanges, electrical, artificial lift solutions, mill tools, safety supplies and spare parts to support customers operations.

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