Shares of National Oilwell Varco (NOV) Sees Large Inflow of Net Money Flow

National Oilwell Varco (NOV) stock had a bullish inflow of $18.64 million worth of trades on uptick and an outflow of $16.21 million in downticks on Friday. The total uptick to downtick ratio stood at 1.15. The net money flow into the stock was $2.44 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 $-1.93 million. An inflow of $1.93 million block trade was recorded on downticks. $0 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, National Oilwell Varco (NOV) stock traded down $0.61 , and reached $32.25, a drop of -1.86% over the previous day. On a weekly basis, the stock is -4.42%, over the previous weeks close.


National Oilwell Varco (NOV) : 17 investment research analysts covering National Oilwell Varco (NOV) have an average price target of $32.82 for the near short term. The highest target price given by the Brokerage Firm to the stock is $45 and the lowest target is $22 for the short term. Analysts expect the variance to be within $6.97 of the average price.

National Oilwell Varco (NYSE:NOV): On Fridays trading session , Opening price of the stock was $32.93 with an intraday high of $33.06. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $32.17. However, the stock managed to close at $32.25, a loss of 1.86% for the day. On the previous day, the stock had closed at $32.86. The total traded volume of the day was 3,315,803 shares.

In a related news,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.

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.

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