On a relative basis, the stock has outperformed the S&P 500 by 2.13% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.8% in the last 1 week, and is up 6.6% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 3.2% and the 50-Day Moving Average is 6.31%.
McDermott International (NYSE:MDR): The stock opened at $5.07 on Friday but the bulls could not build on the opening and the stock topped out at $5.08 for the day. The stock traded down to $4.99 during the day, due to lack of any buying support eventually closed down at $5.01 with a loss of -0.40% for the day. The stock had closed at $5.03 on the previous day. The total traded volume was 1,620,839 shares.
The company Insiders own 2.07% of McDermott International shares according to the proxy statements. Institutional Investors own 79.83% of McDermott International shares. In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Mcdermott International Inc, Trice David A had purchased shares worth of $83,200 in a transaction dated on November 14, 2014. A total of 20,000 shares were purchased at a price of $4.16 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
McDermott International, Inc. is an engineering, procurement, construction and installation (EPCI) company focused on designing and executing offshore oil and gas projects across the world. The Companys operating segments include Asia Pacific, Americas, Middle East and North Sea and Africa. The Asia Pacific segment serves customers in Australia, Indonesia, Vietnam, Malaysia, Thailand and India. The Americas segment serves customers in the United States, Brazil, Mexico, Trinidad and Africa. The Middle East segment includes its North Sea and Africa operations, which serves customers in Saudi Arabia, Qatar, the United Arab Emirates (U.A.E.), Kuwait, India, Azerbaijan, Russia, the North Sea and Africa. It delivers fixed and floating production facilities, pipeline installations and subsea systems from concept to commissioning. Its customers include national, integrated and other oil and gas companies, and it operates in offshore oil and gas producing regions throughout the world.