Dril-Quip (DRQ) Shares Slide -5.49%

Dril-Quip (DRQ) : During the past 4 weeks, traders have been relatively bearish on Dril-Quip (DRQ), hence the stock is down -10.9% 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 -5.42% relative to the S&P 500. The 4-week change in the price of the stock is -7.9% and the stock has fallen -5.49% in the past 1 week.

The stock has recorded a 20-day Moving Average of 5.42% and the 50-Day Moving Average is 8.32%. Dril-Quip, Inc. has dropped 16.03% during the last 3-month period . Year-to-Date the stock performance stands at -8.1%.


Dril-Quip (NYSE:DRQ): On Fridays trading session , Opening price of the stock was $54.93 with an intraday high of $54.93. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $51.92. However, the stock managed to close at $54.43, a loss of 1.70% for the day. On the previous day, the stock had closed at $55.37. The total traded volume of the day was 927,069 shares.

Dril-Quip, Inc. designs, manufactures, sells and services engineered offshore drilling and production equipment. The Companys equipment is suited for use in deepwater, harsh environments and service applications. The Companys operates in Western Hemisphere, including North and South America; Eastern Hemisphere, including Europe and Africa and Asia-Pacific, including the Pacific Rim, Southeast Asia, Australia, India and the Middle East. It products include subsea equipment, surface equipment and offshore rig equipment. Its products are used to explore for oil and gas from offshore drilling rigs, such as floating rigs and jack-up rigs, and for drilling and production of oil and gas wells on offshore platforms, TLPs, Spars and moored vessels, such as FPSOs. Its services include technical advisory assistance services, reconditioning of its customer-owned products, and rental of running tools for installation and retrieval of its products.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.