Parker Drilling Company (PKD) Shares are Up 4.83%

Parker Drilling Company (PKD) has been under a strong bear grip, hence the stock is down -1.28% 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 4.66% in the past 1 week. The stock has risen by 4.83% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.81% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.23% and the 50-Day Moving Average is 1.94%.The 200 Day SMA reached 4.98%

Parker

Parker Drilling Company (NYSE:PKD): After opening at $2.16, the stock dipped to an intraday low of $2.09 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $2.2 and the buying power remained strong till the end. The stock closed at $2.17 for the day, a gain of 2.84% for the day session. The total traded volume was 666,639. The stocks close on the previous trading day was $2.17.

Parker Drilling Company (Parker Drilling) is a provider of contract drilling, and drilling-related services and rental tools. The Company owns and operates drilling rigs and drilling-related equipment and also performs drilling-related services, referred to as Operations & Maintenance (O&M) work, for customer-owned drilling rigs on a contracted basis. The Companys rental tools business supplies equipment to exploration and production (E&P) companies, drilling contractors and service companies on land and offshore in the United States and select international markets. The Company has five operating segments: Rental Tools, U.S. Barge Drilling, U.S. Drilling, International Drilling and Technical Services. Parker Drilling operates in approximately 23 countries.

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