Chicago Bridge & Iron Company N.V. (CBI) has been under a strong bear grip, hence the stock is down -7.31% 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 1.67% in the past 1 week. The stock has risen by 2.1% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.01% in the past 4 weeks.
Chicago Bridge & Iron Company N.V. (NYSE:CBI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.57 and $33.40 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.52, notching a gain of 3.20% for the day. The total traded volume was 1,701,634 . The stock had closed at $33.45 on the previous day.
The stock has recorded a 20-day Moving Average of 4.68% and the 50-Day Moving Average is 4.93%. Chicago Bridge & Iron Company N.V. has dropped 9.53% during the last 3-month period . Year-to-Date the stock performance stands at -11.12%.
Chicago Bridge & Iron Company N.V. (CBI) : 9 Wall Street analysts covering Chicago Bridge & Iron Company N.V. (CBI) believe that the average level the stock could reach for the short term is $46.89. The maximum price target given is $70 and the minimum target for short term is around $36, hence the standard deviation is calculated at $11.05.
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.