Diamond Offshore Drilling (DO) Shares are Down -1.84%

Diamond Offshore Drilling (DO) : During the past 4 weeks, traders have been relatively bearish on Diamond Offshore Drilling (DO), hence the stock is down -16.18% 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 -1.8% relative to the S&P 500. The 4-week change in the price of the stock is -15.86% and the stock has fallen -1.84% in the past 1 week.

Diamond Offshore Drilling, Inc. has dropped 18.16% during the last 3-month period . Year-to-Date the stock performance stands at -6.21%. The stock has recorded a 20-day Moving Average of 7.4% and the 50-Day Moving Average is 15.33%.


Diamond Offshore Drilling (NYSE:DO): The stock opened at $20.14 on Friday but the bulls could not build on the opening and the stock topped out at $20.19 for the day. The stock traded down to $19.60 during the day, due to lack of any buying support eventually closed down at $19.79 with a loss of -2.56% for the day. The stock had closed at $20.31 on the previous day. The total traded volume was 1,329,467 shares.

Also, Nomura maintains its rating on Diamond Offshore Drilling (NYSE:DO). The global brokerage major raises the current price target from $16 per share to $17 per share. Analysts at the Nomura have a current rating of Reduce on the shares. The rating by the firm was issued on August 16, 2016.

Diamond Offshore Drilling, Inc. is a company engaged in offshore drilling and providing contract drilling services to the energy industry. The Company has a fleet of 38 offshore drilling rigs, including 27 semisubmersibles, six jack-ups and five drillships. The Companys diverse fleet enables the Company to offer a range of services around the world in both the floater market (ultra-deepwater, deepwater and mid-water) and the non-floater, or jack-up, market. The Companys floater fleet (semisubmersibles and drillships) is of three types: ultra-deepwater, deepwater, and mid-water. Jack-up rigs are mobile, self-elevating drilling platforms equipped with legs that are lowered to the ocean floor. The Companys jack-ups are used for drilling in water depths from 20 feet to 350 feet. All of the Companys jack-up rigs are equipped with a cantilever system that enables the rig to extend its drilling package over the aft end of the rig.

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