National Oilwell Varco (NYSE:NOV) has climbed 0.43% in the past week and advanced 10.53% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.63% and the outperformance has advanced to 9.52% for the last 4 weeks period.
National Oilwell Varco (NYSE:NOV): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.21 and $34.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.18, notching a gain of 3.93% for the day. The total traded volume was 10,876,650 . The stock had closed at $33.85 on the previous day.
The company shares have dropped -28.44% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $49.84 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $33.29 and the 200 Day Moving Average price is recorded at $31.69.
On the companys insider trading activities,The director of National Oilwell Varco Inc, Harrison David D sold 16,352 shares at $38.79 on November 9, 2015. The Insider selling transaction had a total value worth of $634,294. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Bank of America reinstates its rating on National Oilwell Varco (NYSE:NOV). Analysts at the Bank of America have a current rating of Underperform on the shares. The rating by the firm was issued on June 13, 2016. Currently the company Insiders own 0.17% of National Oilwell Varco shares according to the proxy statements. Institutional Investors own 96.44% of National Oilwell Varco shares.
National Oilwell Varco, Inc. (NOV) is engaged in providing design, manufacture and sale of equipment and components used in oil and gas drilling, completion and production operations. The Company also provides oilfield services to the upstream oil and gas industry. The Company operates through four segments: Rig Systems, Rig Aftermarket, Wellbore Technologies, and Completion & Production Solutions. Its Rig Systems segment makes and supports the capital equipment and integrated systems needed to drill oil and gas wells on land and offshore. Its Rig Aftermarket segment provides aftermarket products and services to support land and offshore rigs, and drilling rig components manufactured by the Companys Rig Systems segment. Its Wellbore Technologies segment sells and rents solids control equipment; and provides solids control, waste management and drilling fluids services. Its Completion & Production Solutions segment provides technologies for well completions and oil and gas production.