Shares of Baker Hughes Incorporated (BHI) Rally 5.1%

Baker Hughes Incorporated (BHI) has been under a strong bear grip, hence the stock is down -6.01% 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 3.56% in the past 1 week. The stock has risen by 5.1% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.9% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 1.84% and the 50-Day Moving Average is 0.89%.

Baker Hughes Incorporated (NYSE:BHI): The stock opened at $46.35 on Friday but the bulls could not build on the opening and the stock topped out at $46.48 for the day. The stock traded down to $45.55 during the day, due to lack of any buying support eventually closed down at $45.92 with a loss of -0.56% for the day. The stock had closed at $46.18 on the previous day. The total traded volume was 2,172,878 shares.


The company Insiders own 0.6% of Baker Hughes Incorporated shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -38.71% . Institutional Investors own 86.63% of Baker Hughes Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -38.71%. In a related news,The officer (VP, General Counsel) of Baker Hughes Inc, Marsh William D sold 1,500 shares at $49.1 on June 6, 2016. The Insider selling transaction had a total value worth of $73,650. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Baker Hughes Incorporated is engaged in the oilfield services industry. The Company is a supplier of oilfield services, products, technology and systems to the around the world oil and natural gas industry. The Company also provides industrial products and services to the downstream chemicals, and process and pipeline services. It conducts its operations through subsidiaries, affiliates, ventures and alliances. The Company has four geographical operating segments: North America, Latin America, Europe/Africa/Russia Caspian and Middle East/Asia Pacific. The Company also has an Industrial Services segment, which includes the downstream chemicals business and the process and pipeline services business. The Companys Integrated Operations is focused on the execution of projects that have attributes, such as project management, well site supervision, well construction, intervention, third-party contractor management, procurement and rig management.

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