Large Inflow of Money Witnessed in Seadrill Limited

Seadrill Limited (NYSE:SDRL) stock had a bullish inflow of $5.34 million worth of trades on uptick and an outflow of $4.22 million in downticks on Wednesday. The total uptick to downtick ratio stood at 1.26. The net money flow into the stock was $1.12 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $1.06 million. An inflow of $0.71 million block trade was recorded on downticks. $1.77 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 2.48 in favor of the bulls. However, Seadrill Limited (NYSE:SDRL) stock traded down $0.01 , and reached $3.24, a drop of -0.31% over the previous day. On a weekly basis, the stock is -4.14%, over the previous weeks close.


Institutional Investors own 34.49% of Seadrill Limited shares.

The company shares have dropped -66.80% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $10.39 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $3.39 and the 200 Day Moving Average price is recorded at $3.19. Seadrill Limited (NYSE:SDRL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.33 and $3.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.26, notching a gain of 0.31% for the day. The total traded volume was 8,612,274 . The stock had closed at $3.25 on the previous day.

Seadrill Limited is an offshore drilling contractor providing offshore drilling services to the oil and gas industry. The Companys primary business is the ownership and operation of drillships, semi-submersible rigs and jack-up rigs for operations in shallow and deep water areas, as well as benign and harsh environments. The Company has three operating segments: Floaters, Jack-ups rigs and Other. The Companys Floaters segment includes drillships and semi-submersible rigs. The Companys Jack-ups rigs segment includes jack-up rigs. The Companys Other segment consists primarily of rig management services. The Company, through its subsidiaries, owns and operates its offshore drilling units and makes investments in other offshore drilling and oil services companies. Its subsidiaries include North Atlantic Drilling Ltd, Sevan Drilling ASA and Asia Offshore Drilling. It owns and operates approximately 43 offshore drilling units and has 16 offshore drilling units under construction.

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