Tesco Corporation (TESO) has been under a strong bear grip, hence the stock is down -7.32% 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 1.6% in the past 1 week. The stock has risen by 1.54% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.2% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.48% and the 50-Day Moving Average is 3.58%. Tesco Corporation has dropped 30.13% during the last 3-month period . Year-to-Date the stock performance stands at -8.7%.
Tesco Corporation (NASDAQ:TESO): stock turned positive on Friday. Though the stock opened at $6.35, the bulls momentum made the stock top out at $6.86 level for the day. The stock recorded a low of $6.31 and closed the trading day at $6.61, in the green by 2.80%. The total traded volume for the day was 1,092,311. The stock had closed at $6.43 in the previous days trading.
Tesco Corporation is engaged in design, assemble, and service delivery of technology-based solutions for the upstream energy industry. The Companys product and service offerings consist primarily of equipment sales and services to drilling contractors and exploration and production companies around the world. The Company has operations in 23 countries across five continents. The Company operates through Top Drives, Tubular Services, Research & Engineering, and Corporate and Other segments. The Companys Top Drive segment includes top drive sales, top drive rentals and after-market sales and services. Its Tubular Services segment includes automated and conventional tubular services. Its Research and Engineering segment includes internal research and development activities related to its automated tubular services and top drive model development, as well as the Casing Drilling technology prior to the sale.