Oceaneering International (OII) Shares are Down -3.18%

Oceaneering International (OII) : During the past 4 weeks, traders have been relatively bearish on Oceaneering International (OII), hence the stock is down -8.23% 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 -3.66% relative to the S&P 500. The 4-week change in the price of the stock is -8.35% and the stock has fallen -3.18% in the past 1 week.

The stock has recorded a 20-day Moving Average of 6.67% and the 50-Day Moving Average is 9.05%.The 200 Day SMA reached 18.79%. Oceaneering International, Inc. has dropped 24% during the last 3-month period . Year-to-Date the stock performance stands at -28.98%.


Oceaneering International (NYSE:OII): After opening at $26.1, the stock dipped to an intraday low of $25.85 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $26.67 and the buying power remained strong till the end. The stock closed at $25.91 for the day, a gain of 0.70% for the day session. The total traded volume was 2,044,999. The stocks close on the previous trading day was $25.73.

Oceaneering International, Inc. is an oilfield provider of engineered services and products to the offshore oil and gas industry, with a focus on deep water applications. The Companys business segments are contained within two businesses, such as services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies). The Companys four business segments within the Oil and Gas business includes Remotely Operated Vehicles (ROVs), Subsea Products, Subsea Projects and Asset Integrity. The Company also provides remote asset management software services. The Company provides services and products, such as remotely operated vehicles, specialty subsea hardware, engineering and project management, subsea intervention services, including manned diving, and asset integrity and non-destructive testing services. The Companys foreign operations are principally focused in the North Sea, Africa, Brazil, Australia and Asia.

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