Shares of Nabors Industries Ltd. (NBR) Sees Large Outflow of Money

Nabors Industries Ltd. (NBR) : The total money flow in Nabors Industries Ltd. (NBR) was negative ($1.83 million), which signals selling by the traders on Mondays session. They trimmed their holdings by selling the stock on downticks to the tune of $7.93 million. In comparison, the inflow of money into the stock on upticks was $6.1 million. The uptick to downtick ratio was 0.77. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $4.42 million. The value of transactions on uptick was $3.21 million. The negative money flow of ($1.21 million) confirms the selling in Nabors Industries Ltd. (NBR) on strength. The uptick to downtick ratio of block trades was 0.73. Nabors Industries Ltd. (NBR) gained $0.36 at $9.93, a gain of 3.77% over the previous days close. However, the stock registered 7.25% in the week.


Shares of Nabors Industries Ltd. rose by 4.03% in the last five trading days and 3.71% for the last 4 weeks. Nabors Industries Ltd. is up 22% in the last 3-month period. Year-to-Date the stock performance stands at 19.83%.

Nabors Industries Ltd. (NYSE:NBR): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.71 and $9.65 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.07, notching a gain of 5.22% for the day. The total traded volume was 8,982,594 . The stock had closed at $9.57 on the previous day.

In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Nabors Industries Ltd, Wolf Howard had purchased shares worth of $146,700 in a transaction dated on April 28, 2016. A total of 15,000 shares were purchased at a price of $9.78 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Nabors Industries Ltd. owns and operates a land-based drilling rig fleet in North America. The Company provides of offshore platform work over and drilling rigs. Its business is conducted through two business lines: Drilling & Rig Services and Completion & Production Services. It provides drilling technology and equipment and well-site services, including engineering, transportation and disposal, construction, maintenance, well logging, directional drilling, rig instrumentation, data collection and other support services. It manufactures and leases or sells top drives and other rig equipment. Its Drilling & Rig Services business line consists of four operating segments: U.S., Canada, International and Rig Services. Its Completion & Production Services business line consists of its operations involved in the completion, life-of-well maintenance and plugging and abandonment of a well and consists of two operating segments: Completion Services and Production Services.

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