Chicago Bridge & Iron Company N.V. (CBI) : During the past 4 weeks, traders have been relatively bearish on Chicago Bridge & Iron Company N.V. (CBI), hence the stock is down -12.64% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.86% relative to the S&P 500. The 4-week change in the price of the stock is -11.73% and the stock has fallen -2.81% in the past 1 week.
The stock has recorded a 20-day Moving Average of 5.06% and the 50-Day Moving Average is 6.59%. Chicago Bridge & Iron Company N.V. (NYSE:CBI): On Fridays trading session , Opening price of the stock was $33.72 with an intraday high of $33.83. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $33.25. However, the stock managed to close at $33.55, a loss of 0.50% for the day. On the previous day, the stock had closed at $33.72. The total traded volume of the day was 648,766 shares.
The company Insiders own 1.4% of Chicago Bridge & Iron Company N.V. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -9.89% . Institutional Investors own 66.19% of Chicago Bridge & Iron Company N.V. shares. During last six month period, the net percent change held by insiders has seen a change of -7.65%. Also, Brokerage firm MKM Partners maintains its rating on Chicago Bridge & Iron Company N.V. (NYSE:CBI). As per the latest information, the brokerage house lowers the price target to $42 per share from a prior target of $46. The shares have been rated Buy. The rating by the firm was issued on July 28, 2016.
Chicago Bridge and Iron Company N.V. (CBandI) provides a range of services to customers in the energy infrastructure market across the world. The Company also provides various Government services. CBandI operates through four segments: Engineering, Construction and Maintenance, which provides engineering, procurement and construction (EPC) services for energy infrastructure facilities, as well as integrated maintenance services; Fabrication Services, which provides fabrication of piping systems, process and nuclear modules; fabrication and erection of steel plate structures, and manufacturing and distribution of pipe and fittings for various industries, such as oil and gas, mining, mineral processing and power generation; Technology, which provides licensed process technologies, catalysts and engineered products, and offers process planning and project development services, and Environmental Solutions, which provides environmental services for Government and private sector customers.