Shares of Nabors Industries Ltd. (NYSE:NBR) Sees Large Outflow of Money

Nabors Industries Ltd. (NYSE:NBR) traded on a positive note gaining 0.02 points or 0.14% to be valued at $10.38 per share. Intraday, the shares aggregated $0.85 million in upticks but saw an exodus of $1.64 million in downticks. The net money flow was calculated to be $(-0.79) million with the final up/down ratio coming in at 0.52. The share price has seen a change of -0.43% in value during the week. Block trade of up/down ratio of 0 was also registered with $0 million in upticks and $0.56 million in downticks. The net money flow for the block exchange was disappointing at $(-0.56) Million.


The stock has recorded a 20-day Moving Average of 9.18% and the 50-Day Moving Average is 12.93%. The company shares have dropped 28.11% in the past 52 Weeks. On June 30, 2015 The shares registered one year high of $14.76 and one year low was seen on January 20, 2016 at $4.93. The 50-day moving average is $9.13 and the 200 day moving average is recorded at $8.4. S&P 500 has rallied 1.93% during the last 52-weeks.

Nabors Industries Ltd. (NYSE:NBR): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.33 and $10.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.58, notching a gain of 2.12% for the day. The total traded volume was 7,606,275 . The stock had closed at $10.36 on the previous day.

Currently the company Insiders own 3.81% of Nabors Industries Ltd. shares according to the proxy statements. Institutional Investors own 92.47% of Nabors Industries Ltd. shares. On the companys insider trading activities, Wolf Howard, director of Nabors Industries Ltd had purchased 15,000 shares on April 28, 2016 in a transaction. The price per share was $9.78 and the total amount of the disclosed transaction was $146,700.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Nabors Industries Ltd. owns and operates a land-based drilling rig fleet in North America. The Company provides of offshore platform work over and drilling rigs. Its business is conducted through two business lines: Drilling & Rig Services and Completion & Production Services. It provides drilling technology and equipment and well-site services, including engineering, transportation and disposal, construction, maintenance, well logging, directional drilling, rig instrumentation, data collection and other support services. It manufactures and leases or sells top drives and other rig equipment. Its Drilling & Rig Services business line consists of four operating segments: U.S., Canada, International and Rig Services. Its Completion & Production Services business line consists of its operations involved in the completion, life-of-well maintenance and plugging and abandonment of a well and consists of two operating segments: Completion Services and Production Services.

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