Weatherford International plc (WFT) : Traders are bullish on Weatherford International plc (WFT) as it has outperformed the S&P 500 by a wide margin of 0.99% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.11%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 7.08% in the last 1 week, and is up 1.37% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Weatherford International plc is up 19.43% in the last 3-month period. Year-to-Date the stock performance stands at -29.68%. The stock has recorded a 20-day Moving Average of 5.05% and the 50-Day Moving Average is 1.85%.
Weatherford International plc (NYSE:WFT): The stock opened at $5.85 on Friday but the bulls could not build on the opening and the stock topped out at $5.91 for the day. The stock traded down to $5.78 during the day, due to lack of any buying support eventually closed down at $5.90 with a loss of -0.17% for the day. The stock had closed at $5.91 on the previous day. The total traded volume was 7,503,771 shares.
Also, Jefferies maintains their rating on the shares of Weatherford International plc (NYSE:WFT). The current rating of the shares is Buy. Equity Analysts at the Firm lowers the price target to $7 per share from $8 per share. The rating by the firm was issued on August 2, 2016.