Civeo Corporation (CVEO) Shares are Up 4.51%

Civeo Corporation (CVEO) has been under a strong bear grip, hence the stock is down -6.44% 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 4.54% in the past 1 week. The stock has risen by 4.51% in the past week indicating that the buyers are active at lower levels, but the stock is down -6.08% in the past 4 weeks.

Civeo Corporation has dropped 27.6% during the last 3-month period . Year-to-Date the stock performance stands at -2.11%. The stock has recorded a 20-day Moving Average of 1.13% and the 50-Day Moving Average is 16.41%.


Civeo Corporation (NYSE:CVEO): The stock opened at $1.44 on Friday but the bulls could not build on the opening and the stock topped out at $1.45 for the day. The stock traded down to $1.38 during the day, due to lack of any buying support eventually closed down at $1.39 with a loss of -4.79% for the day. The stock had closed at $1.46 on the previous day. The total traded volume was 631,767 shares.

Also, Scotia Howard Weil upgrades its rating on Civeo Corporation (NYSE:CVEO). Analysts at the Scotia Howard Weil have a current rating of Sector Outperform on the shares. The shares were previously rated Sector Perform. The rating by the firm was issued on June 22, 2016.

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